Alaska legislation · 34th Legislature
Alaska SB55: TRS CONTR RATE; PERS/TRS SOC SECUR OR SBS
Status: In committee, May 14, 2026
An Act relating to employer contributions in the teachers' retirement system; relating to supplemental employee benefits; and providing for an effective date.
What the bill says
An act ENTITLED "An Act relating to supplemental employee benefits; and providing for an effective date.".
From the engrossed text:
AN ACT ENTITLED "An Act relating to supplemental employee benefits; and providing for an effective date." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: * Section 1. AS 39.30.150(a) is amended to read: (a) Except as provided in (d) of this section, in [IN] place of contributions to the federal social security system that would have been required on behalf of an employee had the participating employer belonged to the social security system, the participating employer shall contribute an amount equal to 6.13 percent of the wages of the employee up to the taxable wage base then in effect in the social security system. This contribution shall be paid into an individual employee annuity account in the Department of Administration under the terms of the State of Alaska Supplemental Annuity Plan. The department shall pay 6.13 percent of the wages of the employee up to the taxable wage base then in effect in the social security system into the individual employee annuity account established under this subsection. This wage reduction shall SB0055C -1- CSSB 55(FIN) New Text Underlined [DELETED TEXT BRACKETED] 34-LS0301\G be treated as an employer contribution under 26 U.S.C. 414(h)(2). All costs of establishing and administering the programs established under AS 39.30.150 - 39.30.180 shall be paid from the contributions made to the individual employee …
Sponsors
- Bert Stedman (R, SD-Q) · primary sponsor
- Robert Myers (R, SD-Q)
- Mike Shower (R, SD-E)
- Mike Cronk (R, SD-R)
- James Kaufman (R, HD-028)
Latest actions
- : (S) COSPONSOR(S): KAUFMAN
- : (S) REFERRED TO RULES
- : (S) FN3: (ADM)
- : (S) FN2: ZERO(ADM)
- : (S) NR: MERRICK, KIEHL
- : (S) DP: OLSON, STEDMAN, HOFFMAN, KAUFMAN, CRONK
- : (S) FIN RPT CS 5DP 2NR NEW TITLE
- : (S) Minutes (SFIN)
- : (S) Moved CSSB 55(FIN) Out of Committee
- : (S) FINANCE at 09:00 AM SENATE FINANCE 532
Subjects: PUBLIC OFFICERS, PUBLIC EMPLOYEES, EMPLOYMENT, SOCIAL SECURITY, RETIREMENT, TEACHERS, SALARIES & ALLOWANCES, MUNICIPALITIES
Common questions
- What is SB55?
- SB55 is a bill in the Alaska Legislature (34th Legislature): TRS CONTR RATE; PERS/TRS SOC SECUR OR SBS.
- What does SB55 do?
- In its own words: An act ENTITLED "An Act relating to supplemental employee benefits; and providing for an effective date.".
- What is the status of SB55?
- In committee as of May 14, 2026. Latest action: (S) COSPONSOR(S): KAUFMAN (May 15, 2026).
- Who sponsored SB55?
- Bert Stedman (R, SD-Q), with 4 co-sponsors.
- Where is the official record for SB55?
- On the Alaska Legislature website: https://www.akleg.gov/basis/Bill/Detail/34?Root=SB 55
Source: official Alaska record. Tracked by Delilah, AI for legislation across all 50 states and Congress.