Establishes the Alaska Work and Save Program for employees without employer-sponsored retirement plans.

The Alaska Work and Save Program, established in the Department of Revenue, offers a retirement savings option for employees not provided a qualified retirement plan by their employer. Employers without such plans must facilitate employee participation. Employees can opt-out, adjust contribution rates, and make additional contributions. The program allows contributions from permanent fund dividends, with a 7% administrative fee. The commissioner of labor and workforce development can investigate employers for non-compliance and impose penalties.

Establishes the Alaska Work and Save Program for employees without employer-sponsored retirement plans.

The Alaska Work and Save Program, established in the Department of Revenue, offers a retirement savings option for employees not provided a qualified retirement plan by their employer. Employers without such plans must facilitate employee participation. Employees can opt-out, adjust contribution rates, and make additional contributions. The program allows contributions from permanent fund dividends, with a 7% administrative fee. The commissioner of labor and workforce development can investigate employers for non-compliance and impose penalties.