Sec. 39.35.790. Vesting.
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/ak/title-39/chapter-35/39-35-790A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 39.35.790. Vesting.
(a)A participating member is immediately and fully vested in that member's contributions and related earnings.
(b)A member shall be fully vested in the employer contributions made on that member's behalf, and related earnings, after five years of service. A member is partially vested in the employer contributions made on that member's behalf, and the related earnings, in the ratio of
(1)25 percent with two years of service;
(2)50 percent with three years of service; and
(3)75 percent with four years of service.