House Finance reports out auto‑IRA bill (Alaska Work and Save)
Senate Bill 21, a proposal to create an automatic IRA program for qualifying Alaska employees, was moved out of the House Finance Committee with individual recommendations and attached fiscal notes after a brief sponsor recap.
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The House Finance Committee took up Senate Bill 21, the Alaska Work and Save bill, on May 17 in Juneau. Sponsor Bill Wilkowsky gave a brief recap: SB 21 would establish an automatic IRA (auto‑IRA) program for qualifying Alaska employees, intended to help small businesses offer retirement benefits and increase retirement access for workers of small employers. He noted at least 17 other states have enacted similar programs.
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