An Act relating to the teachers' defined contribution retirement plan; relating to the public employees' defined contribution retirement plan; and providing for an effective date.

Summary

The measure revises Alaska statutes so teachers and other public workers can qualify for retirement medical benefits after fewer years of service. It also sets new percentages that retirees and their spouses must pay for major medical insurance, based on how long they served. The changes affect current and future retirees, their families, and the state retirement trust funds.

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