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SB 89: "An Act relating to retirement benefits for members of the Alaska Territorial Guard; and providing for an effective date."

00 SENATE BILL NO. 89 01 "An Act relating to retirement benefits for members of the Alaska Territorial Guard; 02 and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 26.10 is amended by adding a new section to read: 05 Article 3. Alaska Territorial Guard Retirement Benefits. 06 Sec. 26.10.100. Retirement benefits. (a) In addition to any other benefit for 07 which the individual is eligible, the department shall pay each month to an individual 08 who served for any period of time in the Alaska Territorial Guard a retirement benefit 09 of $550. The retirement benefit stops the month after the month in which the 10 individual dies. 11 (b) To be eligible for the retirement benefit, an individual shall submit to the 12 department an application on a form established by the department and containing the 13 information that the department determines is necessary to determine whether the 14 individual is eligible for the retirement benefit.

01 (c) In this section, 02 (1) "department" means the Department of Military and Veterans' 03 Affairs; 04 (2) "retirement benefit" means the benefit described under (a) of this 05 section. 06 * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to 07 read: 08 RETROACTIVITY. AS 26.10.100, added by sec. 1 of this Act, is retroactive to 09 February 1, 2009. 10 * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).