An Act establishing the Alaska Work and Save Program for employees who do not have access to a qualified retirement savings plan at work; relating to the duties of the commissioner of labor and workforce development; and providing for an effective date.

Summary

The bill creates a state‑run retirement savings program administered by the Department of Revenue. It lets eligible employees automatically contribute a portion of their Alaska Permanent Fund dividend or payroll deductions to an individual account, and it sets rules for employer participation, fees, and oversight. The goal is to give Alaskans without qualified employer plans a way to build retirement savings.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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