State of Alaska
Fiscal Note
Bill Version: CSHB 302(STA)
2024 Legislative Session
Fiscal Note Number: 1
(H) Publish Date: 5/11/2024
Identifier: HB302-DOA-DRB-02-09-24 Department: Department of Administration
Title: EMPLOYEE RETIREMENT BENEFITS/SBS Appropriation: Centralized Administrative Services
Sponsor: CARPENTER Allocation: Retirement and Benefits
Requester: (H) STATE AFFAIRS OMB Component Number: 64
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2025 Governor's
Appropriation FY2025 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2025 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030
Personal Services *** *** *** *** *** ***
Travel
Services
Commodities
Capital Outlay
Grants & Benefits
Miscellaneous
Total Operating *** 0.0 *** *** *** *** ***
Fund Source (Operating Only)
None
Total *** 0.0 *** *** *** *** ***
Positions
Full-time
Part-time
Temporary
Change in Revenues
None
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Estimated SUPPLEMENTAL (FY2024) cost: 0.0 (separate supplemental appropriation required)
Estimated CAPITAL (FY2025) cost: 0.0 (separate capital appropriation required)
Does the bill create or modify a new fund or account? No
(Supplemental/Capital/New Fund - discuss reasons and fund source(s) in analysis section)
ASSOCIATED REGULATIONS
Does the bill direct, or will the bill result in, regulation changes adopted by your agency? Yes
If yes, by what date are the regulations to be adopted, amended or repealed? TBD
Why this fiscal note differs from previous version/comments:
Not applicable; initial version.
Prepared By: Ajay Desai, Director Phone: (907)465-4471
Division: Retirement and Benefits Date: 02/09/2024 01:00 PM
Approved By: Leslie Isaacs, Administrative Services Director Date: 02/09/24
Agency: Department of Administration
Printed 5/11/2024 Page 1 of 2 Control Code: cSWdH
 CSHB 302(STA) - Fiscal Note 1
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. HB 302
2024 LEGISLATIVE SESSION
Analysis
This bill seeks to add Teacher Retirement System (TRS) members to the Supplemental Annuity Plan - Supplemental
Benefits System (SAP-SBS) by adding subsection (e) to 39.30.170.
Per new section (e): An active employee member of the teachers' retirement system (as 14.25) or a person employed as a
peace officer or firefighter by a political subdivision of the state may elect to become a participating employee if employed
by an employer who is not (1) a participating employer; (2) a member of the federal social security system.
As currently written, this bill would not require additional personnel though it will increase workload on enrollment of new
employers to the SBS, if passed. The majority of workload will be on employers for setup and payment of SBS and
remitting payroll files and funds to the Division of Retirement and Benefits.
Section 7 of this bill amends section (a) by depositing an employer match that is 9.74% of a peace officer or firefighter's
compensation rather than 5%.
Implementing this bill's provision will require an actuarial analysis due to the impact on the additional state contribution
and DRB submits an indeterminate fiscal note until such time as an actuarial analysis can be completed.
(Revised 10/31/2023 OMB/LFD) Page 2 of 2
HB302-DOA-DRB-02-09-24 Page 2 of 2 Control Code: cSWdH


Statutes affected:
HB0302A, AM HB 302, introduced 01/31/2024: 39.30.150, 39.30.180, 39.30.160, 39.30.170, 39.35.750
HB0302B, AM CSHB 302(STA), introduced 05/11/2024: 39.30.150, 39.30.180, 39.30.160, 39.30.170, 39.35.750