(DOWNLOAD) "Honorable Jay S. Hammond v. Joseph D." by Supreme Court of Alaska " eBook PDF Kindle ePub Free
eBook details
- Title: Honorable Jay S. Hammond v. Joseph D.
- Author : Supreme Court of Alaska
- Release Date : January 08, 1981
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 66 KB
Description
In 1975, the State Department of Administration commissioned an actuarial study of the Alaska Public Employees Retirement System (hereinafter PERS). The results of that study led, in 1976, to several amendments to the statutory scheme underlying PERS. Ch. 123 SLA 1976. Among those amendments were provisions which eliminated the distinction the system had previously made between public safety employees -- police officers and fire fighters -- and other participants in PERS. The new provisions had the effect of 1) reducing the occupational disability benefits of public safety employees from two thirds to forty per cent of monthly salary at the time of disability, 2) requiring that an employee be totally unemployable in order to be eligible for an occupational disability pension rather than "incapacitated for service in the position held" as had previously been the case, and (3) reducing occupational death benefits from one hundred per cent to forty per cent of monthly salary at the time of death.