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IntroducedMar 01, 2023
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Passed SenateJan 31, 2024
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Passed House
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Signed into Law
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.
Last Action See all actions
House • May 07, 2024: (H) -- Testimony --
Latest Bill Text See all bill texts
Official Summary/Bill Text
Comments on SB 88
Tweets
Whip Lists
Sponsors
Votes
Actions
- May 07, 2024 | House
- (H) STATE AFFAIRS at 06:00 PM GRUENBERG 120
- (H) -- Testimony
--
- Apr 26, 2024 | House
- (H) MOTION TO DISCHARGE FROM STA, RULES 24, 48
- (H) MOTION TO TABLE FAILED Y18 N20 E2
- (H) DISCHARGE FROM STA FAILED Y19 N19 E2
- (H) CROSS SPONSOR(S): FIELDS, HANNAN, ORTIZ, MCCORMICK, MEARS
- Apr 24, 2024 | House
- (H) MOTION TO DISCHARGE FROM STA, RULES 24, 48
- (H) CALL FOR THE QUESTION WITHDRAWN
- (H) DISCHARGE FROM STA FAILED Y18 N20 E2
- (H) CROSS SPONSOR(S): STUTES
- Apr 22, 2024 | House
- (H) CROSS SPONSOR(S): DIBERT
- Apr 10, 2024 | House
- (H) CROSS SPONSOR(S): GRAY, GROH
- Apr 09, 2024 | House
- (H) CROSS SPONSOR(S): ARMSTRONG, GALVIN, HIMSCHOOT
- Apr 05, 2024 | House
- (H) CROSS SPONSOR(S): JOSEPHSON
- Apr 03, 2024 | House
- (H) CROSS SPONSOR(S): CARRICK, SCHRAGE
- Feb 05, 2024 | House
- (H) Read the first time - REFERRALS
- (H) STA, L&C, FIN
- (H) Referred to STATE AFFAIRS
- Feb 02, 2024 | Senate
- (S) RECON TAKEN UP - IN THIRD READING
- (S) PASSED ON RECONSIDERATION Y11 N7 E2
- (S) EFFECTIVE DATE(S) ADOPTED Y18 N- E2
- (S) TRANSMITTED TO (H)
- (S) VERSION: CSSB 88(FIN)
- Jan 31, 2024 | Senate
- (S) BEFORE SENATE ON FINAL PASSAGE
- (S) RETURN TO SECOND FOR AMS UC
- (S) AM NO 1 FAILED Y2 N15 E3
- (S) AM NO 2 FAILED Y2 N15 E3
- (S) AUTOMATICALLY IN THIRD READING
- (S) PASSED Y12 N5 E3
- (S) EFFECTIVE DATE(S) ADOPTED Y17 N- E3
- (S) HOFFMAN NOTICE OF RECONSIDERATION
- Jan 30, 2024 | Senate
- (S) NOT TAKEN UP 1/30 - ON 1/31 CAL
- Jan 29, 2024 | Senate
- (S) Read the third time CSSB 88(FIN)
- (S) HELD IN THIRD READING TO 1/31 CAL
- Jan 26, 2024 | Senate
- (S) FIN RPT CS 3DP 1DNP 3NR SAME TITLE
- (S) DP: OLSON, KIEHL, BISHOP
- (S) NR: HOFFMAN, STEDMAN, MERRICK
- (S) DNP: WILSON
- (S) FN2: (ADM)
- (S) FN3: (S.FIN/VARIOUS)
- (S) Read the second time
- (S) FIN CS ADOPTED UC
- (S) ADVANCED TO THIRD READING 1/29 CAL
- (S) Minutes (SJUD)
- Jan 24, 2024 | Senate
- (S) FINANCE at 01:30 PM SENATE FINANCE 532
- (S) Moved CSSB 88(FIN) Out of Committee
- (S) Minutes (SFIN)
- Jan 23, 2024 | Senate
- (S) FINANCE at 01:30 PM SENATE FINANCE 532
- (S) Heard & Held
- (S) Minutes (SFIN)
- May 16, 2023 | Senate
- (S) COSPONSOR(S): OLSON
- May 13, 2023 | Senate
- (S) FINANCE at 10:00 AM SENATE FINANCE 532
- (S) Heard & Held
- (S) Minutes (SFIN)
- May 12, 2023 | Senate
- (S) FINANCE at 09:00 AM SENATE FINANCE 532
- (S) Heard & Held
- (S) Minutes (SFIN)
- May 11, 2023 | Senate
- (S) FINANCE at 01:30 PM SENATE FINANCE 532
- (S) Scheduled but Not Heard
- (S) Minutes (SFIN)
- May 10, 2023 | Senate
- (S) FINANCE at 01:30 PM SENATE FINANCE 532
- (S) Heard & Held
- (S) Minutes (SFIN)
- May 02, 2023 | Senate
- (S) FINANCE at 09:00 AM SENATE FINANCE 532
- (S) Heard & Held
- (S) Minutes (SFIN)
- (S) FINANCE at 01:30 PM SENATE FINANCE 532
- (S) Heard & Held -- Please Note Time Change --
- (S) Minutes (SFIN)
- May 01, 2023 | Senate
- (S) L&C RPT CS 3DP 1NR SAME TITLE
- (S) DP: BJORKMAN, DUNBAR, BISHOP
- (S) NR: MERRICK
- (S) FN1: (ADM)
- Apr 28, 2023 | Senate
- (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
- (S) Moved CSSB 88(L&C) Out of Committee
- (S) Minutes (SL&C)
- Apr 26, 2023 | Senate
- (S) LABOR & COMMERCE at 03:30 PM BUTROVICH 205
- (S) Heard & Held -- Please Note Time & Location Change --
- (S) Minutes (SL&C)
- Mar 29, 2023 | Senate
- (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
- (S) Heard & Held
- (S) Minutes (SL&C)
- Mar 22, 2023 | Senate
- (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
- (S) Heard & Held
- (S) Minutes (SL&C)
- Mar 20, 2023 | Senate
- (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
- (S) Heard & Held
- (S) Minutes (SL&C)
- Mar 17, 2023 | Senate
- (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
- (S) Heard & Held
- (S) Minutes (SL&C)
- Mar 15, 2023 | Senate
- (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
- (S) Heard & Held
- (S) Minutes (SL&C)
- Mar 13, 2023 | Senate
- (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
- (S) Heard & Held
- (S) Minutes (SL&C)
- Mar 01, 2023 | Senate
- (S) Read the first time - REFERRALS
- (S) L&C, FIN
- (S) COSPONSOR(S): KIEHL, KAWASAKI, TOBIN, WIELECHOWSKI, GRAY-JACKSON, DUNBAR, CLAMAN
Bill Texts
Documents
- Sponsor Statement
- Senate Fiscal Note 1 by Administration -- Fiscal impact: Y (05/01/2023)
- Senate Fiscal Note 2 by Administration -- Fiscal impact: Y (01/26/2024)
- Senate Fiscal Note 3 by Finance -- Fiscal impact: Y (01/26/2024)
- SENATE JUDICIARY 1/26/2024 (Minutes/Audio/Video)
- SENATE FINANCE 1/24/2024 (Minutes/Audio/Video)
- SENATE FINANCE 1/23/2024 (Minutes/Audio/Video)
- SENATE FINANCE 5/13/2023 (Minutes/Audio/Video)
- SENATE FINANCE 5/12/2023 (Minutes/Audio/Video)
- SENATE FINANCE 5/10/2023 (Minutes/Audio/Video)
- SENATE FINANCE 5/2/2023 (Minutes/Audio/Video)
- SENATE FINANCE 5/2/2023 (Minutes/Audio/Video)
- SENATE LABOR & COMMERCE 4/28/2023 (Minutes/Audio/Video)
- SENATE LABOR & COMMERCE 4/26/2023 (Minutes/Audio/Video)
- SENATE LABOR & COMMERCE 3/29/2023 (Minutes/Audio/Video)
- SENATE LABOR & COMMERCE 3/22/2023 (Minutes/Audio/Video)
- SENATE LABOR & COMMERCE 3/20/2023 (Minutes/Audio/Video)
- SENATE LABOR & COMMERCE 3/17/2023 (Minutes/Audio/Video)
- SENATE LABOR & COMMERCE 3/15/2023 (Minutes/Audio/Video)
- SENATE LABOR & COMMERCE 3/13/2023 (Minutes/Audio/Video)
- SFIN 1/23/2024 -- SB 88article.pdf
- SFIN 1/23/2024 -- SB 88 012324 Kalwarski presentation.pdf
- SFIN 1/23/2024 -- SB 88 Ghilarducci Report on SB88 final.pdf
- SFIN 1/23/2024 -- SB 88 DOA DRB 011924.pdf
- SFIN 1/23/2024 -- SB 88 work draft version T.pdf
- SFIN 1/23/2024 -- SB 88 Summary of Changes O to T 1-24-24 .pdf
- SFIN 1/23/2024 -- SB 88 Pensions committee update presentation 1-23-24 final.pdf
- SFIN 1/23/2024 -- SB 88 Teresa Ghilarducci biography.pdf
- SFIN 5/13/2023 -- SB 88 CS(FIN) VAR-ALL-051223.pdf
- SFIN 5/13/2023 -- SB 88 Alaska_SB 88 CS LC_Actuarial Analysis FY25-FY39.pdf
- SFIN 5/13/2023 -- SB 88 CS(L&C) RET-PERS-051223.pdf
- SFIN 5/13/2023 -- SB 88 AKPPC Concerns with Buck Analysis.pdf
- SFIN 5/13/2023 -- SB 88 Alaska - distribution of contributions for FY25_current vs SB 88.pdf
- SFIN 5/12/2023 -- SB 88 Cheiron report 20230512s.pdf
- SFIN 5/12/2023 -- SB 88 work draft version (FIN) O 5-12-23 final.pdf
- SFIN 5/12/2023 -- SB 88 Summary of Changes FIN 5-12-23.pdf
- SFIN 5/12/2023 -- SB 88 Cheiron actuary analysis slides 5-11-23 final (003).pdf
- SFIN 5/10/2023 -- SB88 Testimoy Hill.pdf
- SFIN 5/2/2023 -- SB 88 Brainard AK Senate Finance Committee.pdf
- SFIN 5/2/2023 -- SB 88 Overview Lozano.pdf
- SFIN 5/2/2023 -- SB 88 Public Testimony Packet 1.pdf
- SFIN 5/2/2023 -- SB 88 Alaska TRR Presentation_Final_Senate Finance 5-2-23.pdf
- SFIN 5/2/2023 -- SB 88 Summary Table Version D 5.2.23.pdf
- SFIN 5/2/2023 -- SB 88 Summary Table Version D 5.2.23.pdf
- SFIN 5/2/2023 -- SB 88 Testimony DeLozier.msg
- SFIN 5/2/2023 -- SB 88 Testimony Boutin.msg
- SFIN 5/2/2023 -- SB 88 Support Kludt-Painter.pdf
- SFIN 5/2/2023 -- SB 88 support Burgess - Retirement Systems, Defined Benefit Option.pdf
- SFIN 5/2/2023 -- SB 88 Summary of Changes (Ver. B to D).pdf
- SFIN 5/2/2023 -- SB 88 Sponsor Statement Version D 5.2.23.pdf
- SFIN 5/2/2023 -- SB 88 SFIN Presentation 5.2.23.pdf
- SFIN 5/2/2023 -- SB 88 Sectional Analysis Version D 5.2.23.pdf
- SFIN 5/2/2023 -- SB 88 Research TRS Tier chart.pdf
- SFIN 5/2/2023 -- SB 88 Research PERS Tier chart.pdf
- SFIN 5/2/2023 -- SB 88 Research Leg Finance & Research's Retirement System Report.pdf
- SFIN 5/2/2023 -- SB 88 Research DPS Cost to Replace a State Trooper.pdf
- SFIN 5/2/2023 -- SB 88 Research Doonan's AK Teacher Recruitment & Retention Study.pdf
- SFIN 5/2/2023 -- SB 88 Research DOA's DB v DC comparison.pdf
- SFIN 5/2/2023 -- SB 88 Research Alaska Public Pension Coalition White Paper.pdf
- SFIN 5/2/2023 -- SB 88 Repealed Sections Version D 5.2.23.pdf
- SFIN 5/2/2023 -- SB 88 Public Testimony 3.10.23 thru 5.1.23.pdf
- SFIN 5/2/2023 -- SB 88 Opposition Thompson.pdf
- SFIN 5/2/2023 -- SB 88 News Articles 5.2.23.pdf
- SFIN 5/2/2023 -- SB 88 Fornia SharedRiskRetirement-Senate Finance-2May23.pdf
- SL&C 4/28/2023 -- SB 88 Letters of Support-Received as of 3.20-29.23.pdf
- SL&C 4/28/2023 -- SB 88 Presentation by LegFin to SFIN on 03.03.23_referenced by Ryan Frost with Reason Foundation.pdf
- SL&C 4/28/2023 -- SB 88 Draft Proposed Amendment R.1.pdf
- SL&C 4/28/2023 -- SB 88 White Paper-Effects of a Transition to DC Retirement Plan on Teacher Separations in AK.pdf
- SL&C 4/28/2023 -- SB 88 Opposing Testimony-Email_Tom Boutin 04.26.23.pdf
- SL&C 4/28/2023 -- SB 88 News Article-Education News_Wisconsin teacher retention 04.26.23.pdf
- SL&C 4/26/2023 -- SB 88 Summary Table-CS Version R 04.25.23.pdf
- SL&C 4/26/2023 -- SB 88 Presentation to SL&C_National Institute on Retirement Security 04.26.23.pdf
- SL&C 4/26/2023 -- SB 88 Explanation of Changes Version B to R.pdf
- SL&C 4/26/2023 -- SB 88 Draft Proposed CS ver R.pdf
- SL&C 4/26/2023 -- SB 88 Draft Proposed CS ver R.pdf
- SL&C 4/26/2023 -- SB 88 Presentation to SL&C_Reason Foundation 04.26.23.pdf
- HW&M 5/8/2023 -- SB 107 POMV split bill Amendment 1 Y.3 back-up.pdf
- SL&C 3/29/2023 -- SB 88 Presentation to SL&C 03.29.23.pdf
- SL&C 3/29/2023 -- SB 88 Public Testimony-Received 03.23-28.23.pdf
- SL&C 3/29/2023 -- SB 88 Letters of Support-Received as of 3.21-28.23.pdf
- SL&C 3/29/2023 -- SB 88 Public Testimony-Received 03.18-27.23.pdf
- SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research DOA Funded Ratio Combined PERS TRS 03.16.23.pdf
- SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Supporting Documents-News Article_NY Times_Mercer's Little Alaska Problem.pdf
- SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research ARMB vs Mercer Lawsuit 03.16.23.pdf
- SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Public Testimony-Letters of Support-received as of 03.11-15.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research Actuarial Report from HB 55 (plus all other public employees) 01.18.21.pdf
- SL&C 3/22/2023 -- SB 88 Letters of Support - Received as of 3.20-21.23.pdf
- SL&C 3/22/2023 -- SB 88 Public Testimony-Received 03.19-21.23.pdf
- SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Letters of Support-Received 3.18-20.23.pdf
- SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Supporting Documents-ACSA Presentation to SL&C-Work Force Challenges 03.15.23.pdf
- SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Supporting Documents-ACSA Presentation to SL&C-Work Force Challenges 03.15.23.pdf
- SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Supporting Documents-ACSA 2023 Joint Positions Statement.pdf
- SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Suporting Documents-Edward Siedle - bio and articles.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 REVISED_Summary Table Ver B 3.12.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research OCS Staff Departure 2.23.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research (pg 5) Defined Benefit Total Funded Status DOA to SFIN 2.14.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research Dept of Law Recruitment and Retention.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 REVISED_ Presentation to SL&C 3.13.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Fiscal Note-DOA-DRB-03.03.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research Alaska Public Pension Coalition White Paper 2010 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 News Articles 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Summary Table Version B 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research TRS Tier chart 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research Risk Sharing in Public Retirement Plans NASRA 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research Returning Alaska State Employees to Social Security 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research PERS Tier chart 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research NIRS Teacher Retirement Plan Offerings March 2022 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research Legislative Finance Division Research Report on Retirement System 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research FFD Cost of hiring from Scott Raygor Fire Chief Fairbanks 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research DPS Recruitment-Retention Plan Overview 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research DPS Employee Engagement Survey Results 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research DPS - Cost to Replace a State Trooper - 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research DB v DC comparison DOA presentation to Sen Fin 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research APFO Recruitment and Retention Report 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research AK Educator Turnover Infographic 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Research 2017 ISER cost of teacher turnover 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Repealed Sections ver B.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Letters of Support - Received as of 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Letters of Opposition - Received as of 3.7.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Sponsor Statement ver B.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Sectional Analysis ver B 3.10.23.pdf
- SFIN 5/2/2023 -- SB 88 Research AK Educator Turnover Infographic 3.10.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 Presentation to SL&C 3.13.23.pdf
- SL&C 3/13/2023 SL&C 3/15/2023 SL&C 3/17/2023 SL&C 3/20/2023 SL&C 3/22/2023 -- SB 88 ver B.PDF