2025-05-09                     House Journal                      Page 1066
HB 78                                                                                                                         
The Finance Committee considered:                                                                                               
                                                                                                                                
    HOUSE BILL NO. 78                                                                                                           
    "An Act relating to the Public Employees' Retirement System of                                                              
    Alaska and the teachers' retirement system; providing certain                                                               
    employees an opportunity to choose between the defined benefit                                                              
    and defined contribution plans of the Public Employees'                                                                     
    Retirement System of Alaska and the teachers' retirement system;                                                            
    and providing for an effective date."                                                                                       
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 78(FIN)                                                                                               
    "An Act relating to the public employees' retirement system and                                                             
    the teachers' retirement system; providing certain employees an                                                             
    opportunity to choose between the defined benefit and defined                                                               
    contribution plans of the public employees' retirement system and                                                           
    the teachers' retirement system; and providing for an effective                                                             
    date."                                                                                                                      
                                                                                                                                
The report was signed by Representatives Foster, Josephson, and                                                                 
Schrage, Co-chairs, with the following individual recommendations:                                                              
                                                                                                                                
Do pass (6):  Hannan, Galvin, Jimmie, Foster, Josephson, Schrage                                                                
                                                                                                                                
Do not pass (3):  Johnson, Allard, Tomaszewski                                                                                  
                                                                                                                                
Amend (2):  Bynum, Stapp                                                                                                        
                                                                                                                                
The following fiscal note(s) apply to CSHB 78(FIN):                                                                             
                                                                                                                                
1. Fiscal, Dept. of Administration                                                                                              
2. Fiscal, Dept. of Administration/Various Depts                                                                                
                                                                                                                                
HB 78 was referred to the Rules Committee.