00CS FOR SPONSOR SUBSTITUTE FOR HOUSE BILL NO. 379(STA)                                                                 
01 "An Act relating to credited service under the public employees' retirement system                                      
02 for peace officers and fire fighters receiving workers' compensation benefits because                                   
03 of certain on-the-job injuries."                                                                                        
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
05    * Section 1.  AS 39.35.370 is amended by adding a new subsection to read:                                          
06  (g)  When a member applies for appointment to retirement, the member may                                              
07 claim credited service for days that the member was not employed and was receiving                                      
08 workers' compensation benefits under AS 23.30 because of a physical injury incurred                                     
09 while employed as a peace officer or fire fighter in a position covered by the public                                   
10 employees' retirement system.  When the member claims this credited service, an                                         
11 indebtedness of the member to the system shall be established.  The indebtedness is                                     
12 equal to the full actuarial cost of receiving the credited service.  Any outstanding                                    
13 indebtedness that exists at the time the member is appointed to retirement will require                                 
14 an actuarial adjustment to the benefits payable based upon the credited service.