SB 1: "An Act increasing the minimum hourly wage, and creating an annual adjustment to the minimum hourly wage based on the rate of inflation; and providing for an effective date."
00 SENATE BILL NO. 1 01 "An Act increasing the minimum hourly wage, and creating an annual adjustment to 02 the minimum hourly wage based on the rate of inflation; and providing for an effective 03 date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 23.10.065(a) is amended to read: 06 (a) Except as provided under (b) of this section and as otherwise provided for 07 in law, for work performed on or after January 1, 2010 , an employer shall pay 08 to each employee wages at a rate of not less than the wage established in this 09 subsection [$7.15 AN HOUR] for hours worked in a pay period, whether the work is 10 measured by time, piece, commission, or otherwise. An employer may not apply tips 11 or gratuities bestowed upon employees as a credit toward payment of the minimum 12 hourly wage required by this section. Tip credit as defined by the Fair Labor Standards 13 Act of 1938 as amended does not apply to the minimum wage established by this 14 section. The minimum hourly wage under this subsection is the greater of
01 (1) $1 more an hour than the federal minimum wage; or 02 (2) $8.75 an hour, as adjusted under this paragraph; the 03 department shall, by regulation, not later than September 30 of each calendar 04 year, adjust the minimum hourly wage established in this paragraph for inflation 05 effective for the following calendar year; the adjusted minimum hourly wage 06 shall be the most recent wage under this paragraph adjusted for 100 percent of 07 the rate of inflation based on the Consumer Price Index for all urban consumers 08 for the Anchorage metropolitan area, compiled by the Bureau of Labor Statistics, 09 United States Department of Labor; the department shall round the adjusted 10 minimum hourly wage up to the nearest one cent; the adjusted minimum hourly 11 wage shall apply to work performed beginning on January 1 through 12 December 31 of the year for which it is effective. 13 * Sec. 2. This Act takes effect January 1, 2010.