Alaska HB78: RETIREMENT SYSTEMS; DEFINED BENEFIT OPT.

What the bill says

An act ENTITLED "An Act relating to the public employees' retirement system and the teachers' retirement system; providing certain employees an opportunity to choose between the defined benefit and defined contribution plans of the public employees' retirement system and the teachers' retirement system; and providing for an effective date.".

From the engrossed text:

AN ACT ENTITLED "An Act relating to the public employees' retirement system and the teachers' retirement system; providing certain employees an opportunity to choose between the defined benefit and defined contribution plans of the public employees' retirement system and the teachers' retirement system; and providing for an effective date." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: * Section 1. AS 14.25.009 is repealed and reenacted to read: Sec. 14.25.009. Applicability of AS 14.25.009 - 14.25.220. The provisions of AS 14.25.009 - 14.25.220 apply to teachers who are eligible to be members of the defined benefit retirement plan under AS 14.25.009 - 14.25.220 and are not members of the defined contribution retirement plan under AS 14.25.310 - 14.25.590. * Sec. 2. AS 14.25.040(a) is amended to read: (a) A teacher or member contracting for service with a participating employer is subject to AS 14.25.009 - 14.25.220 unless the [UNLESS A] teacher or member HB0078b -1- CSHB 78(FIN) New Text Underlined [DELETED TEXT BRACKETED] 34-LS0493\I (1) participates in a university retirement program under AS 14.40.661 - 14.40.799; (2) became a member after June 30, 2006, and before July 1, 2025, is eligible to participate in the defined contribution retirement plan under AS 14.25.310 - 14.25.590, and does not elect to participate in the defined benefit retirement plan under …

Read the full official text

Sponsors

• Finance, House (I) · primary sponsor

Latest actions

1. May 19, 2026: (S) JOINT SESSION at 01:00 PM HOUSE CHAMBER
2. May 19, 2026: (H) JOINT SESSION at 01:00 PM HOUSE CHAMBER
3. May 19, 2026: (H) GOVERNOR VETO SUSTAINED Y33 N27
4. May 19, 2026: (H) CALL FOR THE QUESTION WITHDRAWN
5. May 19, 2026: (H) VETOED BY GOVERNOR 5/18/26
6. April 30, 2026: (H) MANIFEST ERROR(S)
7. April 30, 2026: (H) 4:30 P.M. 4/30/26 TRANSMITTED TO GOVERNOR
8. April 29, 2026: (H) ENGROSSED
9. April 29, 2026: (H) VERSION: SCS CSHB 78(FIN) AM S(EFD FLD H)
10. April 29, 2026: (H) ...CHANGES TITLE OF LEGISLATION

Votes

• GOVERNOR VETO SUSTAINED (May 19, 2026): 33 yea, 27 nay, failed
• SUSTAINED RULING OF CHAIR (April 29, 2026): 19 yea, 19 nay, failed
• EFFECTIVE DATE(S) FAILED (April 29, 2026): 21 yea, 19 nay, failed
• CONCUR AM OF (S) (April 29, 2026): 21 yea, 19 nay, failed
• RESCIND ACTION AM 4 VOTE (April 28, 2026): 10 yea, 10 nay, failed
• RESCIND ACTION AM 4 FAILED (April 28, 2026): 10 yea, 10 nay, failed

Common questions

What is HB78?

HB78 is a bill in the Alaska Legislature (34th Legislature): RETIREMENT SYSTEMS; DEFINED BENEFIT OPT.

What does HB78 do?

In its own words: An act ENTITLED "An Act relating to the public employees' retirement system and the teachers' retirement system; providing certain employees an opportunity to choose between the defined benefit and defined contribution plans of the public employees' retirement system and the teachers' retirement system; and providing for an effective date.".

What is the status of HB78?

Vetoed as of May 18, 2026. Latest action: (S) JOINT SESSION at 01:00 PM HOUSE CHAMBER (May 19, 2026).

Who sponsored HB78?

Finance, House (I).

Where is the official record for HB78?

On the Alaska Legislature website: https://www.akleg.gov/basis/Bill/Detail/34?Root=HB 78