Legislature(2025 - 2026)BELTZ 105 (TSBldg)
01/30/2026 01:30 PM Senate LABOR & COMMERCE
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| Audio | Topic |
|---|---|
| Start | |
| HB78 | |
| SB121 | |
| SB163 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | HB 78 | TELECONFERENCED | |
| += | SB 121 | TELECONFERENCED | |
| *+ | SB 163 | TELECONFERENCED | |
HB 78-RETIREMENT SYSTEMS; DEFINED BENEFIT OPT.
1:34:31 PM
CHAIR BJORKMAN announced the consideration of CS FOR HOUSE BILL
NO. 78(FIN) am(efd fld) "An Act relating to the public
employees' retirement system and the teachers' retirement
system; and 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."
The committee adopted SCS CSHB 78 on January 26, 2026, and is
before the committee.
1:35:22 PM
SENATOR YUNDT stated that he appreciated that HB 78 allowed a
choice between the DB and DC plans during the first five years
of an employee's employment. This flexibility is important
because many people move to Alaska without intending to stay
long-term but often decide to remain. He said since the state
aims to attract highly qualified professionals, such as
engineers and attorneys, retaining that option would have been
beneficial.
1:36:22 PM
CHAIR BJORKMAN solicited the will of the committee.
1:36:24 PM
SENATOR GRAY-JACKSON moved to report SCS CSHB 78, work order 34-
LS0493\G, from committee with individual recommendations and
attached fiscal note(s).
1:36:40 PM
CHAIR BJORKMAN found no objection and SCS CSHB 78(L&C) was
reported from the Senate Labor and Commerce Standing Committee.