AK SB81

Amends AS 39.35.255(d) to modify the minimum annual employer contribution rate formula for the Public Employees' Retirement System of Alaska (PERS)

Requires employer contributions to cover three components: employer normal cost, an amount for liquidating past service liability at the rate certified under AS 37.10.220(a)(8), and contributions required under AS 39.30.370 and AS 39.35.750

Adds new language specifying that past service liability payments must be calculated at the rate certified by the Alaska Retirement Management Board

Takes effect immediately upon passage