An Act relating to the teachers' defined contribution retirement plan; relating to the public employees' defined contribution retirement plan; and providing for an effective date.
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Progress
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- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill modifies the eligibility requirements for receiving retiree health benefits under Alaska’s teachers’ and public employees’ defined contribution retirement plans. Specifically, it adjusts the minimum years of service required for retirement and medical benefits, lowering the requirements for some employees. It also outlines how account balances are restored upon returning to employment after reaching age 65.
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1 on record
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