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  5. 848 P.2d 263 (1993)
 

JOHNSON v. PUBLIC EMP. RETIREMENT BD.

No. S-4906.

848 P.2d 263 (1993)

Bernard Gary JOHNSON, Appellant, v. PUBLIC EMPLOYEES RETIREMENT BOARD and State of Alaska, Division of Retirement and Benefits, Appellees.

Supreme Court of Alaska.

Rehearing Denied April 15, 1993.

Attorney(s) appearing for the Case

Bradley D. Owens, Jermain, Dunnagan & Owens, P.C., Anchorage, for appellant.

John B. Gaguine, Asst. Atty. Gen., Juneau, for appellees.

Before MOORE, C.J., and RABINOWITZ, BURKE, MATTHEWS and COMPTON, JJ.

OPINION

RABINOWITZ, Justice.

I. INTRODUCTION

This appeal concerns the Public Employees' Retirement System (PERS), a "defined benefit" system that provides its members with benefits upon retirement. The specific question presented in this appeal is whether "credit" derived from Section 7 of chapter 89, SLA 1989, which reimplemented the Retirement Incentive Program, may be used to meet an age requirement...

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