Alaska Legislature approves public opt-out retirement plans for businesses statewide

By: James Brooks

Outlets: Alaska Beacon

Published: May 20, 2026

Words: 299

Last Updated: 1 month, 1 week ago

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The state of Alaska may soon offer managed retirement accounts to businesses in the state that don’t already offer a retirement plan.

By a 31-9 vote on Monday, the Alaska House of Representatives approved Senate Bill 21, the “Alaska Work and Save” program sponsored by Sen. Bill Wielechowski, D-Anchorage.

The Senate, which approved a prior version of the bill in April, gave its final approval to the House-passed version by a …

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