Alaska HB108 allows certain state troopers to switch from a defined contribution to a defined benefit retirement plan.
Alaska HB108 modifies the state's retirement system to allow state troopers hired between June 30, 2006, and the bill's effective date to switch from the defined contribution retirement plan to the defined benefit retirement plan. This switch must occur within 90 days of the bill's effective date. The switch is irrevocable and involves transferring contributions, including investment earnings and losses, to the new plan.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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