Alaska 32nd Legislature (2021-2022) Status: In Committee 1 D cosponsors

SB 6 — An Act relating to retirement incentives for members of the defined benefit retirement plan of the teachers' retirement system and the defined benefit retirement plan of the Public Employees' Retirement System of Alaska; and providing for an effective date.

Last action — (S) REFERRED TO FINANCE

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 32nd Legislature (2021-2022). It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

293 added · 296 removed

Plain-language change summary

In the latest version of Senate Bill 6, a section about the reemployment of retired teachers has been removed. This means that the bill no longer includes provisions regarding how retired teachers could return to work after taking retirement incentives. This change matters because it simplifies the bill's focus on providing retirement incentives to help manage workforce costs without complicating the process with reemployment rules.

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32-LS0028\B CS FOR SENATE BILL NO.
32-LS0028\A SENATE BILL NO.
6(EDC) IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-SECOND LEGISLATURE - FIRST SESSION BY THE SENATE EDUCATION COMMITTEE Referred:
6 IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-SECOND LEGISLATURE - FIRST SESSION BY SENATOR KAWASAKI Introduced:
Labor & Commerce, Finance Sponsor(s):
1/22/21 Referred:
SENATOR KAWASAKI A BILL FOR AN ACT ENTITLED "An Act relating to retirement incentives for members of the defined benefit retirement plan of the teachers' retirement system and the defined benefit retirement plan of the Public Employees' Retirement System of Alaska;
Education, Labor & Commerce, Finance A BILL FOR AN ACT ENTITLED "An Act relating to retirement incentives for members of the defined benefit retirement plan of the teachers' retirement system and the defined benefit retirement plan of the Public Employees' Retirement System of Alaska;
SB0006B -1- CSSB 6(EDC) New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\B * Sec.
The legislature SB0006A -1- SB 6 New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\A intends that employers that adopt retirement incentive programs under this Act adopt an accompanying policy that prohibits hiring of new employees.
* Sec.
The administrator shall deny an application by a teacher if, after consulting with the school district that employs the teacher, the administrator determines that (1) granting the application will create a vacant position that the school district more likely than not will be unable to fill in a timely manner;
and (2) the school district's inability to fill the vacant position in a timely manner will create undue hardship for the school district.
(2) a reimbursement agreement that requires (A) the employer, for each employee who participates in the program, to reimburse the defined benefit retirement plan in the appropriate retirement system, within three years after the end of the fiscal year in which the employee is appointed CSSB 6(EDC) -2- SB0006B New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\B to retirement, in an amount equal to the actuarial equivalent of the difference between the benefits the participant receives after the addition of the credit under (i) of this section and the benefits the participant would have received without the credit, less the amount the participant has paid on the indebtedness determined under (g) or (h) of this section;
(2) a reimbursement agreement that requires (A) the employer, for each employee who participates in the program, to reimburse the defined benefit retirement plan in the appropriate retirement system, within three years after the end of the fiscal year in which the employee is appointed to retirement, in an amount equal to the actuarial equivalent of the difference between the benefits the participant receives after the addition of the credit under (i) of this section and the benefits the participant would have received without the credit, less the amount the participant has paid on the indebtedness determined under (g) or (h) of this SB 6 -2- SB0006A New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\A section;
or SB0006B -3- CSSB 6(EDC) New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\B (B) at least 20 years of credited service as an employee other than an employee described in (A) of this paragraph;
or (B) at least 20 years of credited service as an employee other than an employee described in (A) of this paragraph;
(5) for an employer that is a state agency, the employee satisfies the additional requirements under sec.
SB0006A -3- SB 6 New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\A (5) for an employer that is a state agency, the employee satisfies the additional requirements under sec.
If the indebtedness is outstanding at the time the member is appointed to retirement under the retirement incentive program, the pension benefits payable to the member shall be reduced by an actuarial adjustmeneliminates the indebtedness.
If the indebtedness is outstanding at the time the member is appointed to retirement under the retirement incentive program, the pension benefits payable to the member shall be reduced by an actuarial adjustment that eliminates the indebtedness.
CSSB 6(EDC) -4- SB0006B New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\B (i) An employee who participates in an approved retirement incentive program under this Act receives a credit of three years.
(i) An employee who participates in an approved retirement incentive program under this Act receives a credit of three years.
(1) to meet the age or service required for eligibility for normal retirement under AS 14.25.110 or AS 39.35.370, as appropriate;
(1) to meet the age or service required for eligibility for normal retirement SB 6 -4- SB0006A New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\A under AS 14.25.110 or AS 39.35.370, as appropriate;
SB0006B -5- CSSB 6(EDC) New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\B AUTHORIZATION FOR RETIREMENT INCENTIVE FOR EMPLOYEES OF THE UNIVERSITY OF ALASKA.
AUTHORIZATION FOR RETIREMENT INCENTIVE FOR EMPLOYEES OF THE UNIVERSITY OF ALASKA.
Notwithstanding AS 14.40.661 - 14.40.799, a participant in a university retirement program under AS 14.40.661 - 14.40.799 who is vested in a defined benefit retirement plan in the public employees' retirement system or the teachers' retirement system may participate in a retirement incentive program for that defined benefit retirement plan if the participant satisfies the requirements under this Act that apply to participants in that retirement incentive program.
Notwithstanding AS 14.40.661 - 14.40.799, a participant in a university retirement program under AS 14.40.661 - 14.40.799 who is vested in a defined benefit retirement plan in the public employees' retirement system or the teachers' retirement SB0006A -5- SB 6 New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\A system may participate in a retirement incentive program for that defined benefit retirement plan if the participant satisfies the requirements under this Act that apply to participants in that retirement incentive program.
If the administrator determines after approving a retirement incentive program under this Act that an increase in CSSB 6(EDC) -6- SB0006B New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\B the number of participants in that retirement incentive program will have a significant negative effect on the actuarial soundness of a defined benefit retirement plan in the teachers' retirement system or the public employees' retirement system, the administrator may close the program to new applicants.
If the administrator determines after approving a retirement incentive program under this Act that an increase in the number of participants in that retirement incentive program will have a significant negative effect on the actuarial soundness of a defined benefit retirement plan in the teachers' retirement system or the public employees' retirement system, the administrator may close the program to new applicants.
* Sec.
SB 6 -6- SB0006A New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\A * Sec.
(2) the individual may accept employment with the legislature during a SB0006B -7- CSSB 6(EDC) New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\B legislative session if the employment is on an hourly basis and does not entitle the individual to receive retirement, health, or leave benefits;
(2) the individual may accept employment with the legislature during a legislative session if the employment is on an hourly basis and does not entitle the individual to receive retirement, health, or leave benefits;
and (4) the individual may accept employment with a school district if the individual participated in the defined benefit retirement plan in the teachers' retirement system and the employment is on an hourly basis and does not entitle the individual to receive retirement, health, or leave benefits.
and SB0006A -7- SB 6 New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\A (4) the individual may accept employment with a school district if the individual participated in the defined benefit retirement plan in the teachers' retirement system and the employment is on an hourly basis and does not entitle the individual to receive retirement, health, or leave benefits.
The report must include, for each program, CSSB 6(EDC) -8- SB0006B New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\B (1) the designated employee categories;
The report must include, for each program, (1) the designated employee categories;
(5) the cost paid by each participant;
SB 6 -8- SB0006A New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\A (5) the cost paid by each participant;
SB0006B -9- CSSB 6(EDC) New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\B (2) "employer" has the meaning given in AS 14.25.220 and AS 39.35.680;
(2) "employer" has the meaning given in AS 14.25.220 and AS 39.35.680;
(4) "public employees' retirement system" means the Public Employees' Retirement System of Alaska (AS 39.35);
(4) "public employees' retirement system" means the Public Employees' SB0006A -9- SB 6 New Text Underlined [DELETED TEXT BRACKETED] 32-LS0028\A Retirement System of Alaska (AS 39.35);
CSSB 6(EDC) -10- SB0006B New Text Underlined [DELETED TEXT BRACKETED]
SB 6 -10- SB0006A New Text Underlined [DELETED TEXT BRACKETED]
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Action History

  1. (S) REFERRED TO FINANCE

  2. (S) FN2: (GOV)

  3. (S) FN1: INDETERMINATE(ADM)

  4. (S) AM: REVAK, GRAY-JACKSON

  5. (S) NR: STEVENS

  6. (S) DP: COSTELLO

  7. (S) L&C RPT CS 1DP 1NR 2AM NEW TITLE

  8. (S) Minutes (SL&C)

  9. (S) Moved CSSB 6(L&C) Out of Committee

  10. (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)

  11. (S) Minutes (SL&C)

  12. (S) Scheduled but Not Heard -- Delayed until 2:00 PM --

  13. (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)

  14. (S) Minutes (SL&C)

  15. (S) Heard & Held

  16. (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)

  17. (S) Minutes (SEDC)

  18. (S) <Bill Hearing Canceled>

  19. (S) EDUCATION at 09:00 AM BUTROVICH 205

  20. (S) FN2: (GOV)

  21. (S) FN1: INDETERMINATE(ADM)

  22. (S) DP: BEGICH

  23. (S) NR: HOLLAND, HUGHES

  24. (S) EDC RPT CS 1DP 2NR SAME TITLE

  25. (S) Minutes (SEDC)

  26. (S) Moved CSSB 6(EDC) Out of Committee

  27. (S) EDUCATION at 09:00 AM BUTROVICH 205

  28. (S) Minutes (SEDC)

  29. (S) Heard & Held

  30. (S) EDUCATION at 09:00 AM BUTROVICH 205

  31. (S) EDC, L&C, FIN

  32. (S) READ THE FIRST TIME - REFERRALS

  33. (S) Prefile released 1/8/21

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 64 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (64)

64 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

public-safety labor education
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Frequently asked questions

Who sponsors SB 6?
SB 6 is sponsored by Scott Kawasaki (D).
What is the current status of SB 6?
This bill died with 32nd Legislature (2021-2022). It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 6?
Track SB 6 free on One Click Politics — get push/email alerts when it moves.

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