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Alaska Measure 3, Longevity Bonus Annuity Program Advisory Question (1986)
| Alaska Measure 3 | |
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| Election date |
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| Topic Public assistance programs |
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| Status |
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| Type Legislatively referred advisory question |
Origin |
Alaska Measure 3 was on the ballot as a legislatively referred advisory question in Alaska on November 4, 1986. It was approved.
A "yes" vote supported advising the legislature to adopt the annuity option for the longevity bonus program, providing a $250 monthly payment to those 65 or older by 1988 and allowing younger individuals to contribute dividends to a state-run annuity for future payments. |
A "no" vote opposed advising the legislature to adopt the annuity option for the longevity bonus program, providing a $250 monthly payment to those 65 or older by 1988 and allowing younger individuals to contribute dividends to a state-run annuity for future payments. |
Election results
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Alaska Measure 3 |
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| Result | Votes | Percentage | ||
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99,222 | 60.13% | ||
| No | 65,789 | 39.87% | ||
Text of measure
Ballot title
The ballot title for Measure 3 was as follows:
| “ | Bonding Measure No. 3 Advisory Votes on Longevity Bonus Annuity Program (Ch. 99 SLA 85, SB56) The Fourteenth Alaska State Legislature considered two alternatives to the present longevity bonus program. Both were adopted into law, but neither will take effect unless the legislature chooses one of them. The legislature has asked for an advisory vote of the public on the annuity option which is described below. The annuity option provides that every individual who reaches age 65 by January 1, 1988, including those already receiving the bonus, would receive a longevity bonus payment of $250 per month. In addition, a person under age 65 on January 1, 1988, could participate in an optional annuity program by depositing all or part of his or her permanent fund dividends in an account held by the state. Upon reaching age 65, a person would receive a monthly payment in an amount determined by how much was contributed to the account. The annuity payments would be supplemented with declining longevity bonus payments paid for with general funds until the annuity accounts were large enough to provide monthly payments of $250 a month. The second option provides that every individual who is 65 years old by January 1, 1988, including those already receiving the bonus, will receive a longevity bonus payment of $250 per month, but that anybody younger than age 65 by January 1, 1988, would not be eligible for benefits. Should the legislature adopt the annuity option? | ” |
Path to the ballot
- See also: Amending the Alaska Constitution
A two-thirds vote in each legislative chamber of the Alaska State Legislature during one legislative session to refer a constitutional amendment to the ballot. That amounts to a minimum of 27 votes in the Alaska House of Representatives and 14 votes in the Alaska State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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State of Alaska Juneau (capital) |
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