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Senate passes new approach to pension obligation

...under the committee approach.These are projections, not predictions, Buck and Legislative Finance Division Director David Teal have pointed out.Revenue Commissioner Angela Rodell told the committee earlier Saturday that the Parnell administration...
State | AK legislature
Parnell pitches own retirement bill

...legislation," Chenault said of the governor's bill.A "pay-as-you-go" plan drafted by Legislative Finance Director David Teal was attached to the governor's omnibus education bill, HB278, but lawmakers rejected it after an actuarial analysis...
State | AK legislature
TRS pulled from education bill in House

...liability by 2038. It showed the committee proposal costing $20.7 billion and getting rid of the liability by 2073.David Teal, the director of the Legislative Finance Division who laid out the plan included in the committee bill, has called...
State | AK legislature
Parnell calls committee pension plan 'immoral' top $1 billion a year before declining.The committee proposal laid out by Legislative Finance Division Director David Teal calls for $1.4 billion toward the teachers' system and $100 million toward a reserve fund. The plan calls for starting...
State | AK legislature
Teachers' pension proposal raises red flags

...amount of time the state will be paying into the system.The plan - crafted by Legislative Finance Division director David Teal - is the Legislature's alternative to a plan proposed by Parnell in December. "One says coast on earnings, and one...
State | Local | AK legislature
Analysis: Pension problems, proposals

...governor is willing to pay more on-behalf, and this plan shifts some of that (cost) back on municipalities," said David Teal, a legislative financial analyst who crafted the proposal.The Teal plan also infuses the trust fund with $3 billion...
State | Local | AK legislature
House panel moves Gov.'s pension plan

...amid slumping revenues. While the state has billions of dollars in reserves now, Legislative Finance Division Director David Teal said they could be gone by 2024, largely a function of spending and revenue trends.Parnell's plan calls for taking...
State | AK legislature
Governor's pension plan gets municipal support might be in light of the state's other obligations in the next few years.Legislative Finance Division Director David Teal said Saturday that regardless of whether the state adopts Parnell's approach or sticks to its current plan, budget...
State | AK legislature
With one week to go, Parnell weighs in on the issues

...there have been no hearings directly on the plan.Instead, several legislators worked with Legislative Finance Director David Teal to draft an alternative plan of lower annual payments that extend well beyond 20 years. That proposal was defeated by...
State | AK legislature
Education funding fix passes House, moves to Senate

...received an actuarial analysis of the so-called "pay-as-you-go" plan drafted by Legislative Finance Director David Teal. The analysis indicated the plan, under certain circumstances, was an unstable option, and lawmakers had little appetite...
State | AK legislature


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