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33-LS0495\R CS FOR SENATE BILL NO.
33-LS0495\S SENATE BILL NO.
135(L&C) IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-THIRD LEGISLATURE - SECOND SESSION BY THE SENATE LABOR AND COMMERCE COMMITTEE Referred:
135 IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-THIRD LEGISLATURE - SECOND SESSION BY SENATORS WIELECHOWSKI, Dunbar Introduced:
Finance Sponsor(s):
4/24/23 Referred:
SENATORS WIELECHOWSKI, Dunbar A BILL FOR AN ACT ENTITLED "An Act establishing the Alaska Work and Save Program;
Labor & Commerce, Finance A BILL FOR AN ACT ENTITLED "An Act establishing the Alaska Work and Save Program;
A contribution to an Alaska Work and Save Program participant account, the crime victim compensation fund, the peace officer and firefighter survivors' fundto an SB0135B -1- CSSB 135(L&C) New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\R organization may be $25, $50, $75, $100, or more, in increments of $50, up to the total amount of the permanent fund dividend that the applicant is entitled to receive.
A contribution to an Alaska Work and Save Program participant account, the crime victim compensation fund, the peace officer and firefighter survivors' fundto an SB0135A -1- SB 135 New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\S organization may be $25, $50, $75, $100, or more, in increments of $50, up to the total amount of the permanent fund dividend that the applicant is entitled to receive.
CSSB 135(L&C) -2- SB0135B New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\R The annual estimated balance in the account maintained under AS 37.05.142 for coordination fees collected under this subsection may be appropriated for costs of administering this section.
SB 135 -2- SB0135A New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\S The annual estimated balance in the account maintained under AS 37.05.142 for coordination fees collected under this subsection may be appropriated for costs of administering this section.
(3) have no proprietary interest in contributions to, or earnings on SB0135B -3- CSSB 135(L&C) New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\R amounts contributed to, participant accounts.
(3) have no proprietary interest in contributions to, or earnings on SB0135A -3- SB 135 New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\S amounts contributed to, participant accounts.
CSSB 135(L&C) -4- SB0135B New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\R (g) A trustee may not designate another person to serve on the board in the absence of the trustee.
SB 135 -4- SB0135A New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\S (g) A trustee may not designate another person to serve on the board in the absence of the trustee.
(10) in accordance with Internal Revenue Code limits, set a minimum, maximum, and default contribution rate and set a default rate for contribution SB0135B -5- CSSB 135(L&C) New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\R increases;
(10) in accordance with Internal Revenue Code limits, set a minimum, maximum, and default contribution rate and set a default rate for contribution SB0135A -5- SB 135 New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\S increases;
(H) that the state does not guarantee participant accounts or a CSSB 135(L&C) -6- SB0135B New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\R rate of return;
(H) that the state does not guarantee participant accounts or a SB 135 -6- SB0135A New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\S rate of return;
A trustee who is an employee of a political subdivision of the state or a school district or regional educational attendance area in the state is entitled to leave benefits SB0135B -7- CSSB 135(L&C) New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\R provided by the trustee's employer comparable to leave benefits provided to state employees for service as a trustee.
A trustee who is an employee of a political subdivision of the state or a school district or regional educational attendance area in the state is entitled to leave benefits SB0135A -7- SB 135 New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\S provided by the trustee's employer comparable to leave benefits provided to state employees for service as a trustee.
(d) The commissioner of labor and workforce development shall notify the board when an employer has failed to facilitate employee participation in the program CSSB 135(L&C) -8- SB0135B New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\R and when the commissioner imposes a civil penalty on an employer.
(d) The commissioner of labor and workforce development shall notify the board when an employer has failed to facilitate employee participation in the program SB 135 -8- SB0135A New Text Underlined [DELETED TEXT BRACKETED] 33-LS0495\S and when the commissioner imposes a civil penalty on an employer.
This Act takes effect January 1, 2025.
This Act takes effect January 1, 2024.
SB0135B -9- CSSB 135(L&C) New Text Underlined [DELETED TEXT BRACKETED]
SB0135A -9- SB 135 New Text Underlined [DELETED TEXT BRACKETED]
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