(a) The cost for converting membership service for retirement eligibility under AS 39.35.370(g) and AS 39.35.370(h) is the difference between the present value of the benefits the employee receives after the conversion and the present value of the benefits that the employee would have received without the conversion credit.
(b) The cost for claimed temporary service to be used for retirement eligibility as provided by AS 39.35.345(d) is the difference between the present value of the benefits that the employee receives after the conversion and the present value of the benefits the employee would have received without the conversion credit.