HB 438: "An Act permitting certain emergency medical personnel in police or fire departments or employed by the state troopers to convert their credited service under the public employees' retirement system to credited service as peace officers; and providing for an effective date."
00HOUSE BILL NO. 438 01 "An Act permitting certain emergency medical personnel in police or fire 02 departments or employed by the state troopers to convert their credited service 03 under the public employees' retirement system to credited service as peace officers; 04 and providing for an effective date." 05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 06 * Section 1. AS 39.35.370 is amended by adding a new subsection to read: 07 (g) When an employee who was employed as an emergency medical service 08 officer or an emergency medical technician in a state trooper office or in a police or 09 fire department in the public employees' retirement system applies for appointment to 10 retirement, the employee may convert the credited service for that position to credited 11 service as a peace officer by claiming the service as peace officer service. An 12 employee who has converted credited service to peace officer service under this 13 subsection shall be treated as a peace officer for purposes of this chapter. When the 14 member claims this credited service as peace officer service, an indebtedness of the
01 member to the system shall be established. The indebtedness is equal to the full 02 actuarial cost of the conversion of the credited service to treatment as peace officer 03 service. Any outstanding indebtedness that exists at the time the member is appointed 04 to retirement will require an actuarial adjustment to the benefits payable based upon 05 the conversion of the credited service. 06 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).