summary
Introduced
01/18/2023
01/18/2023
In Committee
01/18/2023
01/18/2023
Crossed Over
Passed
Dead
05/16/2024
05/16/2024
Introduced Session
33rd Legislature
Bill Summary
AN ACT ENTITLED "An Act relating to restoration of tenure for certain disabled individuals; 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."
AI Summary
This bill makes the following key provisions:
This bill restores tenure rights for certain disabled teachers who have recovered from their disability or been rehabilitated, allows teachers and public employees who first joined the defined contribution retirement plan after June 2006 to elect to switch to the defined benefit retirement plan, and requires new disabled members to apply for and participate in vocational rehabilitation programs in order to continue receiving disability benefits. It also makes changes to the contribution rates and retiree healthcare premium payments for members of the teachers' and public employees' retirement systems. Employers that participate in the defined contribution retirement plans must also participate in the defined benefit plans.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
REFERRED TO LABOR & COMMERCE (on 01/18/2023)
Bill Topics
Labor and Employment
- ‐ Employee Benefits
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.akleg.gov/basis/Bill/Detail/33?Root=SB11 | 01/09/2023 |
| BillText | https://www.akleg.gov/PDF/33/Bills/SB0011A.PDF | 01/09/2023 |
Loading...