Alaska legislation · 34th Legislature
Alaska SB28: RETIREMENT SYSTEMS; DEFINED BENEFIT OPT.
Status: In committee, January 22, 2025
An Act relating to the Public Employees' Retirement System of Alaska 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 of Alaska and the teachers' retirement system; and providing for an effective date.
What the bill says
An act ENTITLED "An Act relating to the Public Employees' Retirement System of Alaska 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 of Alaska and the teachers' retirement system; and providing for an effective date.".
From the introduced text:
AN ACT ENTITLED "An Act relating to the Public Employees' Retirement System of Alaska 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 of Alaska 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 AS 14.25.009 is repealed and reenacted to read: Sec. 14.25.009.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 SB0028A -1- SB New Text Underlined [DELETED TEXT BRACKETED] 34-LS0280\A employer is subject to AS 14.25.009 - 14.25.220 unless the [UNLESS A] teacher or member (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 …
Sponsors
- Catherine Giessel (R, SD-E) · primary sponsor
- Elvi Gray-Jackson (D, SD-I)
- Jesse Kiehl (D, SD-Q)
- Matt Claman (D, HD-021)
- Loki Tobin (D, SD-I)
- Scott Kawasaki (D, SD-A)
- Jesse Bjorkman (R, SD-D)
- Forrest Dunbar (D, SD-J)
- Gary Stevens (R, SD-P)
- William Wielechowski (D, SD-H)
Latest actions
- : (S) Minutes (SL&C)
- : (S) Heard & Held
- : (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
- : (S) Minutes (SL&C)
- : (S) Heard & Held
- : (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
- : (S) COSPONSOR(S): WIELECHOWSKI
- : (S) COSPONSOR(S): KIEHL, CLAMAN, TOBIN, KAWASAKI, BJORKMAN, DUNBAR, STEVENS
- : (S) COSPONSOR(S): GRAY-JACKSON
- : (S) REFERRED TO LABOR & COMMERCE
Subjects: PUBLIC EMPLOYEES, EDUCATION, INSURANCE, BOARDS & COMMISSIONS, RETIREMENT, TEACHERS, SALARIES & ALLOWANCES, MEDICAL CARE
Common questions
- What is SB28?
- SB28 is a bill in the Alaska Legislature (34th Legislature): RETIREMENT SYSTEMS; DEFINED BENEFIT OPT.
- What does SB28 do?
- In its own words: An act ENTITLED "An Act relating to the Public Employees' Retirement System of Alaska 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 of Alaska and the teachers' retirement system; and providing for an effective date.".
- What is the status of SB28?
- In committee as of January 22, 2025. Latest action: (S) Minutes (SL&C) (March 31, 2025).
- Who sponsored SB28?
- Catherine Giessel (R, SD-E), with 9 co-sponsors.
- Where is the official record for SB28?
- On the Alaska Legislature website: https://www.akleg.gov/basis/Bill/Detail/34?Root=SB 28
Source: official Alaska record. Tracked by Delilah, AI for legislation across all 50 states and Congress.