Sec. 23.20.020. Maintenance and protection of fund.

AK Stat § 23.20.020 (2019) (N/A)
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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.