An Act relating to employer contribution rates in the teachers' retirement system and the Public Employees' Retirement System of Alaska; and providing for an effective date.

SB 81 sets minimum annual employer contribution rates for Alaska's Teachers' Retirement System and Public Employees' Retirement System. It requires state employers to pay at least the rate needed to cover three specific costs: ongoing pension expenses (normal cost), past service liabilities, and other mandated contributions. This directly affects state agencies, school districts, and other public employers that fund these retirement systems. The bill takes immediate effect without further legislative action.