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Statutes > Alaska Laws > Title 39 - PUBLIC OFFICERS AND EMPLOYEES > Chapter 39.30. - INSURANCE AND SUPPLEMENTAL EMPLOYEE BENEFITS > Article 05 - STATE OF ALASKA TEACHERS' AND PUBLIC EMPLOYEES' RETIREE HEALTH REIMBURSEMENT ARRANGEMENT PLAN > Sec. 39.30.430. - Exclusive benefit.

STATE STATUTES & CODES

ALASKA STATUTES AND CODES

Sec. 39.30.430. - Exclusive benefit.

(a) The corpus or income of the assets held in trust as required by the plan may not be diverted or used for other than the exclusive benefit of the participants.

(b) The assets of the plan may not be used to pay premiums or contributions of the employer under another plan maintained by the employer.

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