SB0081A -1- SB 81
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34-LS0110\A
SENATE BILL NO. 81
IN THE LEGISLATURE OF THE STATE OF ALASKA
THIRTY-FOURTH LEGISLATURE - FIRST SESSION
BY SENATOR STEDMAN
Introduced: 1/31/25
Referred: Labor and Commerce, Finance
A BILL
FOR AN ACT ENTITLED
"An Act relating to employer contribution rates in the teachers' retirement system and 1
the Public Employees' Retirement System of Alaska; and providing for an effective 2
date." 3
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 4
* Section 1. AS 14.25.070(d) is amended to read: 5
(d) Notwithstanding (a) of this section, the annual employer contribution rate 6
may not be less than the rate sufficient to allow payment of 7
(1) the employer normal cost;
8
(2) an amount calculated at the rate certified under 9
AS 37.10.220(a)(8) for liquidating past service liability of the plan; and 10
(3) the employer contributions required under AS 14.25.350 and 11
AS 39.30.370. 12
* Sec. 2. AS 39.35.255(d) is amended to read: 13
(d) Notwithstanding (a) of this section, the annual employer contribution rate 14 34-LS0110\A
SB 81 -2- SB0081A
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may not be less than the rate sufficient to allow payment of 1
(1) the employer normal cost; 2
(2) an amount calculated at the rate certified under 3
AS 37.10.220(a)(8) for liquidating past service liability of the plan; and 4
(3) the employer contributions required under AS 39.30.370 and 5
AS 39.35.750. 6
* Sec. 3. This Act takes effect immediately under AS 01.10.070(c). 7