The bill establishes the Alaska Paid Family Leave Plan, which mandates the procurement of a family leave insurance plan by the commissioners of labor and workforce development and administration. This plan will provide wage replacement coverage for qualified state employees, enrolled employees of political subdivisions, and private employers who opt into the plan. The insurance plan must offer 100% wage replacement up to $3,000 per week, with no minimum duration for family leave required for coverage. The bill also outlines eligibility criteria, enrollment processes, and the responsibilities of participating employers, including maintaining health insurance coverage for employees on family leave.

Additionally, the bill amends existing laws to ensure that family leave can be taken for various reasons, including pregnancy, childbirth, adoption, or foster care, and it specifies that employees are not required to use accrued paid leave during this time. It introduces a family leave insurance tax credit for employers who pay for coverage, and establishes a purchasing pool for employees of smaller employers who do not offer equivalent benefits. The bill sets a timeline for the implementation of the insurance plan and purchasing pool, with a target date of January 1, 2027, for full operational status.

Statutes affected:
SB0010A, AM SB 10, introduced 01/10/2025: 23.10.700, 23.10.790, 23.10.720, 23.10.730, 23.10.710, 39.20.305, 39.20.500, 23.10.740, 21.09.210, 23.10.750, 23.10.760, 23.40.070, 23.40.260, 23.10.770, 43.20.075, 23.10.780