00                            SENATE BILL NO. 47                                                                          
01 "An Act relating to credited service under the teachers' retirement system for former                                   
02 employment as a noncertificated school nurse."                                                                          
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 14.25.107 is amended by adding a new subsection to read:                                          
05            (b)  A member who is employed as a certificated school nurse and who earned                                  
06       credited service in the public employees' retirement system under AS 39.35 before                                 
07       June 30, 1990, as a noncertificated school nurse may elect to receive credit under this                           
08       system for the credited service earned under AS 39.35 before June 30, 1990, as a                                  
09       noncertificated school nurse.  Credited service received under this subsection counts                             
10       as membership service in this system for all purposes.  For purposes of establishing a                            
11       member's initial date of membership in the system, a member who has claimed                                       
12       credited service in this system under this subsection shall be considered to have been                            
13       employed in this system during all of the periods for which credited service under this                           
14       subsection has been claimed.  Receipt of credited service in this system under this                               

01       subsection extinguishes all rights to benefits under AS 39.35 (public employees'                                  
02       retirement system) based on the credited service claimed.  Sick leave earned while                                
03       employed as a noncertificated school nurse in the public employees' retirement system                             
04       during periods for which credited service has been claimed in this system under this                              
05       subsection counts as sick leave under AS 14.25.115.  The administrator of the public                              
06       employees' retirement system shall transfer from that system to this system an amount                             
07       equal to the employee contributions made by the noncertificated school nurse, interest                            
08       earned on those contributions, and an amount that represents the employer                                         
09       contributions and interest earned on those contributions for that service, less a                                 
10       reasonable administrative fee.  To receive credited service for employment in the                                 
11       public employees' retirement system as a noncertificated school nurse under this                                  
12       subsection, the member shall apply on a form provided by the administrator.  When                                 
13       application has been made, an indebtedness shall be established.  The amount of the                               
14       indebtedness is equal to the full actuarial cost of providing benefits based on the                               
15       increased credited service received in this system less the amount transferred from the                           
16       public employees' retirement system under this subsection.