Alaska legislation · 34th Legislature
Alaska HB338: RETIREMENT SAVINGS PROGRAM
Status: In committee, February 23, 2026
An Act establishing the Alaska Work and Save Program for employees who do not have access to a qualified retirement savings plan at work; relating to the duties of the commissioner of labor and workforce development; and providing for an effective date.
What the bill says
An act ENTITLED "An Act establishing the Alaska Work and Save Program for employees who do not have access to a qualified retirement savings plan at work; relating to the duties of the commissioner of labor and workforce development; and providing for an effective date.".
From the introduced text:
AN ACT ENTITLED "An Act establishing the Alaska Work and Save Program for employees who do not have access to a qualified retirement savings plan at work; relating to the duties of the commissioner of labor and workforce development; and providing for an effective date." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: * Section 1. AS 43.23.130(a) is amended to read: (a) Notwithstanding AS 43.23.200, the Department of Revenue shall prepare the electronic Alaska permanent fund dividend application to allow an applicant who files electronically to direct that money be subtracted from the dividend payment and contributed to the applicant's Alaska Work and Save Program participant account (AS 44.25.400 - 44.25.490), the crime victim compensation fund (AS 18.67.162), the peace officer and firefighter survivors' fund, or one or more of the educational organizations, community foundations, or charitable organizations that appear on the contribution list contained in the application. A contribution to an HB0338a -1- HB New Text Underlined [DELETED TEXT BRACKETED] 34-LS1273\N Alaska Work and Save Program participant account, the crime victim compensation fund, the peace officer and firefighter survivors' fund or to an organization may be $25, $50, $75, $100, or more, in increments of $50, up to the total amount of the permanent fund dividend that the applicant is entitled to receive. If the …
Sponsors
- Mia Costello (R, HD-015) · primary sponsor
Latest actions
- : (H) Heard & Held
- : (H) LABOR & COMMERCE at 03:15 PM BARNES 124
- : (H) REFERRED TO LABOR & COMMERCE
- : (H) L&C, FIN
- : (H) READ THE FIRST TIME - REFERRALS
Subjects: EMPLOYMENT, FINANCE, BUSINESS, BOARDS & COMMISSIONS, RETIREMENT, OCCUPATIONS & PROFESSIONS, SALARIES & ALLOWANCES, ATTORNEY GENERAL
Common questions
- What is HB338?
- HB338 is a bill in the Alaska Legislature (34th Legislature): RETIREMENT SAVINGS PROGRAM.
- What does HB338 do?
- In its own words: An act ENTITLED "An Act establishing the Alaska Work and Save Program for employees who do not have access to a qualified retirement savings plan at work; relating to the duties of the commissioner of labor and workforce development; and providing for an effective date.".
- What is the status of HB338?
- In committee as of February 23, 2026. Latest action: (H) Heard & Held (April 27, 2026).
- Who sponsored HB338?
- Mia Costello (R, HD-015).
- Where is the official record for HB338?
- On the Alaska Legislature website: https://www.akleg.gov/basis/Bill/Detail/34?Root=HB 338
Source: official Alaska record. Tracked by Delilah, AI for legislation across all 50 states and Congress.