00CS FOR SENATE BILL NO. 85(L&C)                                                                                        
01 "An Act relating to credited service in the public employees' retirement system                                         
02 for temporary employment."                                                                                              
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
04    * Section 1.  AS 39.35.345(d) is repealed and reenacted to read:                                                   
05  (d)  An employee may choose whether the credited service granted under this                                           
06 section is used to satisfy the credited service requirements for normal retirement under                                
07 AS 39.35.370(a)(2) or (3) or is only used for the calculation of benefits.  An election                                 
08 under this subsection is irrevocable and applies to all temporary credited service that                                 
09 the employee has accrued when the employee retires.  An election under this                                             
10 subsection does not change the date that an employee is considered to have                                              
11 commenced participation in the system under AS 39.35.120.                                                               
12    * Sec. 2.  A member of the public employees' retirement system who has claimed credited                            
13 service under AS 39.35.345 before the effective date of this Act may exercise the election                              
14 established under AS 39.35.345(d), as amended by sec. 1 of this Act, before the member is                               

01 appointed to retirement.