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SB81

SB81: Minimum Employer Pension Contributions in Alaska

Last scannedSep 12, 2026, 4:46 AM

In one sentence

This bill sets a minimum amount that employers must pay into the Public Employees' Retirement System of Alaska.

What it does

  • Sets a floor for how much money an employer must contribute each year to retirement plans.
  • Requires contributions to cover the normal cost of current employee benefits.
  • Mandates payments calculated by state law to pay off past service debt in the plan.
  • Includes required contributions under specific sections of Alaska statutes 39.30 and 39.35.

Who it affects

  • Employers who participate in the Public Employees' Retirement System of Alaska

Limits and unknowns

  • The bill does not state a specific dollar amount or percentage for these contributions.
  • The exact date this law starts is listed as immediate, but no calendar year is provided in the text.

Plain language

Terms to know

Normal cost
The amount needed to fund retirement benefits for current work performed by employees.
Past service liability
Money owed from the past that must be paid off over time to fully fund the plan.

Official record

Sources

Validated
Official bill pageIntroduced textCurrent bill text

Official summary

PUBLIC EMPLOYER PENSION CONTRIBUTIONS An Act relating to employer contribution rates in the teachers' retirement system and the Public Employees' Retirement System of Alaska; and providing for an effective date.

Official activity

Bill history

  1. (S) REFERRED TO FINANCE1659
  2. (S) FN1: ZERO(ADM)1659
  3. (S) AM: DUNBAR1659
  4. (S) NR: BJORKMAN, YUNDT1659
  5. (S) L&C RPT CS 2NR 1AM NEW TITLE1659
  6. (S) Minutes (SL&C)Min
  7. (S) Moved CSSB 81(L&C) Out of CommitteeText
  8. (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)Text
  9. (S) Minutes (SL&C)Min
  10. (S) Heard & HeldText
  11. (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)Text
  12. (S) Minutes (SL&C)Min
  13. (S) Heard & HeldText
  14. (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)Text
  15. (S) Minutes (SL&C)Min
  16. (S) -- Testimony <Invitation Only> --Text
  17. (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)Text
  18. (S) L&C, FIN143
  19. (S) READ THE FIRST TIME - REFERRALS143