Alaska SB198 modifies retiree medical benefits eligibility and premium costs for teachers and public employees.

The bill amends the eligibility criteria for medical benefits for retirees in Alaska's teachers' and public employees' defined contribution retirement plans. It specifies that a member must retire directly from the plan to be eligible for medical benefits. For teachers, eligibility requires at least 30 years of service or reaching normal retirement age with at least 10 years of service.

Alaska SB198 modifies retiree medical benefits eligibility and premium costs for teachers and public employees.

The bill amends the eligibility criteria for medical benefits for retirees in Alaska's teachers' and public employees' defined contribution retirement plans. It specifies that a member must retire directly from the plan to be eligible for medical benefits. For teachers, eligibility requires at least 30 years of service or reaching normal retirement age with at least 10 years of service.