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

The Alaska Work and Save Program, administered by the Alaska Retirement Savings Board, offers a retirement savings option for employees not covered by employer-sponsored retirement plans. Employers without such plans must facilitate employee participation. Eligible employees are automatically enrolled at a default contribution rate, with the option to opt-out or adjust contributions. The program allows voluntary enrollment for all state earners. The board manages investments, sets contribution rates, and ensures compliance through penalties for non-facilitating employers.

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

The Alaska Work and Save Program, administered by the Alaska Retirement Savings Board, offers a retirement savings option for employees not covered by employer-sponsored retirement plans. Employers without such plans must facilitate employee participation. Eligible employees are automatically enrolled at a default contribution rate, with the option to opt-out or adjust contributions. The program allows voluntary enrollment for all state earners. The board manages investments, sets contribution rates, and ensures compliance through penalties for non-facilitating employers.