Alaska SB55 amends employer contribution rates in the teachers' and public employees' retirement systems.

Alaska SB55 modifies the contribution rates for employers in the teachers' retirement system and the public employees' retirement system. It sets the employer contribution rate at 14.56 percent for the teachers' system and 9 percent for the public employees' system. The bill also allows employers not participating in the federal social security system to join the supplemental employee benefits program. This change takes effect on July 1, 2025.

Alaska SB55 amends employer contribution rates in the teachers' and public employees' retirement systems.

Alaska SB55 modifies the contribution rates for employers in the teachers' retirement system and the public employees' retirement system. It sets the employer contribution rate at 14.56 percent for the teachers' system and 9 percent for the public employees' system. The bill also allows employers not participating in the federal social security system to join the supplemental employee benefits program. This change takes effect on July 1, 2025.