The bill amends the eligibility criteria for normal retirement benefits for terminated employees in Alaska. Specifically, it removes the requirement that employees must be at least 60 years old to qualify for retirement benefits after five years of credited service. Instead, the bill introduces new provisions allowing terminated employees to qualify for retirement benefits at any age if they are veterans rated as permanently and totally disabled by the United States Department of Veterans Affairs for a service-connected condition.

Additionally, the bill repeals certain sections of existing law, specifically AS 39.35.340(d), AS 39.35.340(i), and AS 39.35.541(b), which may pertain to other aspects of retirement benefits. Overall, the changes aim to provide more flexibility and support for veterans with disabilities in accessing their retirement benefits.

Statutes affected:
HB0017A, AM HB 17, introduced 01/10/2025: 39.35.370