State of Alaska
Fiscal Note
Bill Version: CSHB 224(STA)
2018 Legislative Session
Fiscal Note Number: 1
(H) Publish Date: 2/16/2018
Identifier: HB224-DOA-DRB-02-02-18 Department: Department of Administration
Title: REEMPLOYMENT OF RETIRED TEACHERS & Appropriation: Centralized Administrative Services
ADMIN Allocation: Retirement and Benefits
Sponsor: JOHNSTON OMB Component Number: 64
Requester: House State Affairs
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2019 Governor's
Appropriation FY2019 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2019 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024
Personal Services *** *** *** *** *** *** ***
Travel
Services
Commodities
Capital Outlay
Grants & Benefits
Miscellaneous
Total Operating *** *** *** *** *** *** ***
Fund Source (Operating Only)
None
Total *** *** *** *** *** *** ***
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 (FY2018) cost: 0.0 (separate supplemental appropriation required)
(discuss reasons and fund source(s) in analysis section)
Estimated CAPITAL (FY2019) cost: 0.0 (separate capital appropriation required)
(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? No
If yes, by what date are the regulations to be adopted, amended or repealed?
Why this fiscal note differs from previous version/comments:
Updated fiscal note for current year.
Prepared By: Ajay Desai, Director Phone: (907)465-4471
Division: Division of Retirement and Benefits Date: 02/02/2018 01:00 PM
Approved By: Leslie Ridle, Commissioner Date: 02/02/18
Agency: Department of Administration
Printed 2/16/2018 Page 1 of 2 Control Code: FWDme
 CSHB 224(STA) - Fiscal Note 1
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. HB 224
2018 LEGISLATIVE SESSION
Analysis
This bill will allow retired teachers who retired with a normal retirement benefit to return to participating positions in the
Teachers' Retirement System (TRS) to work full or parttime and still receive their TRS benefit. Retired teachers must have
a bona fide termination of employment: retirees age 62 or older are required to separate from employment for a
minimum of 3 months; retirees under age 62 are required to separate from employment for 12 months.
This bill will require an actuarial analysis to determine costs to the Retiree Health Plan and the effects on future unfunded
liability. Therefore, the agency submits an indeterminate fiscal note.
(Revised 9/26/17 OMB/LFD) Page 2 of 2
HB224-DOA-DRB-02-02-18 Page 2 of 2 Control Code: FWDme


Statutes affected:
HB0224A, AM HB 224, introduced 04/10/2017: 14.25.009, 14.25.220, 14.25.310, 14.25.590, 14.30.350, 14.25.110, 14.25.070, 14.25.043, 14.25.050, 14.20.136, 14.25.173
HB0224B, AM CSHB 224(STA), introduced 02/16/2018: 14.25.009, 14.25.220, 14.25.310, 14.25.590, 14.30.350, 14.25.110, 14.25.070, 14.20.165, 14.25.043, 14.25.050, 14.20.136, 14.25.173