Alaska Supplemental Annuity Plan
Who is eligible to be in the plan?
Employees of the State of Alaska and 20 political subdivisions that have elected to be in the plan are eligible. If you work for an eligible employer, your employment status will determine whether you are required to contribute to this plan.
What is the Supplemental Annuity Plan?
The Alaska Supplemental Annuity Plan (SBS-AP) is a defined contribution plan governed by section 401(a) of the Internal Revenue Code. The Alaska Statutes related to the plan are under AS 39.30, Article 4; AS 39.30.150 - 180. Regulations are 02 AAC 37.125 - 190.