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Union reps assail settlement touted by Sullivan

...historic settlement that held Mercer accountable while also returning desperately needed funds to Alaska's public retirement system in a timely manner," he said in an emailed statement.Duncan said not everyone was happy when the settlement was...
Pension shortfall projected at $8.7B at year's end

...year with an $8.7 billion pension shortfall.The unfunded liability for the public employees' and teachers' retirement systems stood at roughly $12 billion when the Legislature earlier this year approved moving $3 billion from savings to...
My Turn: Alaska met the challenge of its unfunded pensions

...defined benefit public employee and teacher retirement systems. But unlike many states, Alaska stepped...appropriate $3 billion to the Public Employees' Retirement System and Teachers' Retirement System to pay down the unfunded liability by 2039...
My Turn: Pure politics in the Alaska retirement systems

...appointees who oversee the Alaska Retirement Systems use the PERS and TRS Newsletters...members should check it out.The Retirement Systems should know better than to...annual required payment to the Retirement systems.But stoking fear in retirees...
School board restores 16 jobs

...the district will receive about $118 million from the state next year - including payments into the district's retirement system - and about $25 million from the city. The amount provided by the city is the same amount as last year, but...
Extended session produces 116 bills

...bill (HB278) and the fix for the state's growing unfunded liability in the Public Employees' and Teachers' Retirement Systems that was originally proposed in the budget but later introduced as HB385.Republicans in the House and Senate, as...
Legislature calls it a day without finishing

...earlier in the day the House agreed with the Senate's proposed solution to the Public Employees' and Teachers' Retirement Systems.The bill was a compromise between the governor's proposal that aimed to pay the debt off quickly with larger...
State | AK legislature
Senate passes new approach to pension obligation

...differently, putting $2 billion toward the teachers' retirement system, which is in poorer shape, and $1 billion toward...been in the danger zone in terms of the health of retirement systems, Teal has said. With the infusion and this approach...
State | AK legislature
Parnell pitches own retirement bill

...employees' and teachers' retirement system fix in bill form Thursday...recommended budget - infuse the Retirement System Trust Fund with $3 billion...would increase funding to the retirement systems by almost 10 percent instantly...
State | AK legislature
TRS pulled from education bill in House

...remove a plan to address the teachers' retirement system from a broad-ranging education bill...billion going toward the public employees' retirement system and the rest to the teachers' retirement system. The House Finance Committee, in its...
State | AK legislature


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