HB0038b -1- SSHB 38
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34-LS0166\N
SPONSOR SUBSTITUTE FOR HOUSE BILL NO. 38
IN THE LEGISLATURE OF THE STATE OF ALASKA
THIRTY-FOURTH LEGISLATURE - FIRST SESSION
BY REPRESENTATIVE SADDLER
Introduced: 3/5/25
Referred: Labor and Commerce, Finance
A BILL
FOR AN ACT ENTITLED
"An Act relating to supplemental employee benefits; and providing for an effective 1
date." 2
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 3
* Section 1. AS 39.30.170(a) is amended to read: 4
(a) An employer in the teachers' retirement system (AS 14.25) or the
5
Public Employees' Retirement System of Alaska (AS 39.35) that does not 6
participate in the federal social security system may become a participating 7
employer in the employee benefits program under AS 39.30.150 - 39.30.180; 8
however, an employee who is a member of the teachers' retirement system may 9
choose not to participate in the employee benefits program under AS 39.30.150 - 10
39.30.180 [, IF 11
(1) THE EMPLOYER PARTICIPATES AS AN EMPLOYER IN 12
THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM UNDER AS 39.35; AND 13
(2) THE EMPLOYER 14 34-LS0166\N
SSHB 38 -2- HB0038b
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(A) IS ELIGIBLE FOR MEMBERSHIP IN BUT HAS 1
NEVER ELECTED TO BECOME A MEMBER OF THE FEDERAL 2
SOCIAL SECURITY SYSTEM; OR 3
(B) WITHDRAWS FROM MEMBERSHIP IN THE 4
FEDERAL SOCIAL SECURITY SYSTEM]. 5
* Sec. 2. AS 39.30.180(3) is amended to read: 6
(3) "participating employer" means 7
(A) the State of Alaska; [AND] 8
(B) an employer who 9
(i) [WHO] is an employer as defined in AS 14.25.220, 10
14.25.590, AS 39.35.680, or 39.35.990; and 11
(ii) does not participate [WHO HAS NEVER 12
PARTICIPATED IN OR HAS WITHDRAWN FROM 13
PARTICIPATION] in the federal social security system [; AND 14
(iii) WHOSE PARTICIPATION IN THE 15
SUPPLEMENTAL EMPLOYEE BENEFIT PROGRAM HAS BEEN 16
APPROVED BY THE COMMISSIONER]. 17
* Sec. 3. This Act takes effect July 1, 2025. 18