This bill amends existing wage payment laws in Alaska by introducing provisions for employers to pay employee wages via payroll card accounts, provided that employees have voluntarily authorized such payments or have not opted for other payment methods. The bill outlines specific requirements for employers, including the obligation to inform employees about their wage payment options, the terms and conditions of the payroll card, and any associated fees. Additionally, it mandates that payroll card accounts must offer at least one cost-free withdrawal per week or pay period and provide unlimited cost-free access to account balance information.

Furthermore, the bill prohibits employers from charging fees for various aspects of the payroll card account, such as application, issuance of cards, and wage transfers. It also requires that funds in payroll card accounts be insured by recognized federal entities. The legislation preserves employees' rights to negotiate collectively for payment methods beyond the minimum standards set forth in this bill. The effective date for these changes is set for July 1, 2026.

Statutes affected:
SB0079A, AM SB 79, introduced 01/31/2025: 23.10.040, 23.10.044, 37.25.050
SB0079B, AM HCS SB 79(L&C), introduced 05/18/2025: 23.10.040, 23.10.044, 37.25.050, 23.10.043, 45.50.471, 06.90.020
SB0079C, AM HCS SB 79(FIN), introduced 05/18/2026: 23.10.040, 23.10.044, 37.25.050
SB0079Z, AM Enrolled SB 79, introduced 05/20/2026: 23.10.040, 23.10.044, 37.25.050