State Codes and Statutes

Statutes > Alaska > Title-23 > Chapter-23-20 > Article-01 > Sec-23-20-020

If possible, there shall be provided in the fund a reserve against the liability in future years to pay benefits. Whenever the department believes that a change in contribution or benefit rates is necessary to protect the solvency of the fund, it shall promptly inform the governor and the legislature, and make recommendations with respect to a change.

State Codes and Statutes

Statutes > Alaska > Title-23 > Chapter-23-20 > Article-01 > Sec-23-20-020

If possible, there shall be provided in the fund a reserve against the liability in future years to pay benefits. Whenever the department believes that a change in contribution or benefit rates is necessary to protect the solvency of the fund, it shall promptly inform the governor and the legislature, and make recommendations with respect to a change.