Alaska 34th Alaska State Legislature Status: In Committee 1 R cosponsors

HB 338 — An Act establishing the Alaska Work and Save Program for employees who do not have access to a qualified retirement savings plan at work; relating to the duties of the commissioner of labor and workforce development; and providing for an effective date.

Last action — (H) Heard & Held

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

This bill is in committee in the House. Introduced February 23, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Prognosis

Stalled 16% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

How this bill changes current law

10 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill establishes the Alaska Work and Save Program, allowing employees without access to a qualified retirement plan to save for retirement.

  • AS 43.23.130(a)

    the Alaska Work and Save Program participant account (AS 44.25.400 - 44.25.490)

    Inserts the Alaska Work and Save Program as an option for directing contributions from permanent fund dividends.

  • AS 43.23.130(b)

    the Alaska Work and Save Program

    Adds the Alaska Work and Save Program to the list of eligible organizations for contributions.

  • AS 43.23.130(m)

    may not withhold a coordination fee for contributions to → may not withhold a coordination fee for contributions to an Alaska Work and Save Program participant account,

    Exempts the Alaska Work and Save Program from coordination fees that are applicable to other organizations.

  • AS 44.25

    Article 5. Alaska Work and Save Program.

    Establishes a new article specifically for the Alaska Work and Save Program.

  • AS 44.25.400

    The Alaska Work and Save Program is established in the Department of Revenue.

    Creates the Alaska Work and Save Program within the Department of Revenue.

  • AS 44.25.400(b)

    Any person who earns compensation in this state is eligible to voluntarily enroll in the program.

    Allows any employee who earns compensation in Alaska to voluntarily participate in the program.

  • AS 44.25.400(c)

    An employee is automatically enrolled in the program at the default contribution rate established by the administrator.

    Mandates automatic enrollment for employees at a default contribution rate.

  • AS 44.25.410(1)

    develop a retirement program for employees in this state who are not offered a qualified retirement plan by an employer;

    Defines the primary mission of the program to assist employees without a qualified retirement plan.

  • AS 44.25.420(3)

    establish a process for enrollment in the program, including automatic employee enrollment and a process for an employee to opt out of the program;

    Requires the administrator to create an enrollment process, including options for opting out.

  • AS 44.25.430(a)

    Individual account information for participant accounts,...is confidential and not subject to disclosure as a public record.

    Ensures the confidentiality of participant account information.

Action History

  1. (H) Heard & Held

  2. (H) LABOR & COMMERCE at 03:15 PM BARNES 124

  3. (H) REFERRED TO LABOR & COMMERCE

  4. (H) L&C, FIN

  5. (H) READ THE FIRST TIME - REFERRALS

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.

Show all 64 →

"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

finance labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 338?
HB 338 is sponsored by Mia Costello (R).
What is the current status of HB 338?
This bill is in committee in the House. Introduced February 23, 2026. It must pass committee before a floor vote.
Where can I track HB 338?
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Last checked for changes 3 months ago · updated continuously

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