An Act relating to the Public Employees' Retirement System of Alaska and the teachers' retirement system; and providing for an effective date.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill makes changes to Alaska’s Public Employees’ Retirement System (PERS) and the teachers’ retirement system. Specifically, it adjusts eligibility requirements for participation in the defined benefit plans, impacting when members are required to participate in a defined contribution plan. It also modifies contribution rates and addresses retiree health insurance benefits, particularly for disabled employees. Finally, it includes a transition provision allowing teachers who joined the defined contribution plan after 2006 to potentially transfer their contributions back to the defined benefit plan.
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Sponsors
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1 on record
Primary sponsor
House Finance
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