Alaska HB378 amends retirement system laws, affecting employer contributions, disability benefits, and retiree health insurance premiums.

HB378 modifies Alaska's Public Employees' Retirement System and Teachers' Retirement System. It mandates employers to submit contributions to the retirement fund and health care trust by the end of each pay period, with interest assessed for late submissions. The bill outlines nonoccupational disability benefits for eligible members, detailing the monthly benefit amount and conditions for termination. It also adjusts retiree major medical insurance premiums based on Medicare eligibility and service years.

Alaska HB378 amends retirement system laws, affecting employer contributions, disability benefits, and retiree health insurance premiums.

HB378 modifies Alaska's Public Employees' Retirement System and Teachers' Retirement System. It mandates employers to submit contributions to the retirement fund and health care trust by the end of each pay period, with interest assessed for late submissions. The bill outlines nonoccupational disability benefits for eligible members, detailing the monthly benefit amount and conditions for termination. It also adjusts retiree major medical insurance premiums based on Medicare eligibility and service years.