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Photo: Retirement dollars

...Department of Administration, deliver an update of the Public Employees' Retirement System (PERS) and the Teachers' Retirement System (TRS) to the Senate Finance Committee at the Capitol on Wednesday.
Pension shortfall projected at $8.7B at year's end

...fiscal 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...
Letter: Cathy Munoz has earned my vote

...A few years into my retirement, everyone found out that the Public Employees Retirement System (PERS) and Teachers Retirement System (TRS) trust funds were largely underfunded to the tune of billions of dollars. Then beginning on Jan. 1...
Empire Editorial: For governor of Alaska, Parnell is the right pick

...some smart decisions recently. He advocated paying down the unfunded liability in the state's employee and teacher retirement system PERS and TERS. He has reduced state expenses, and we are forced to admit that - at this point, at least...
Extended session produces 116 bills

...reform 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...
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...
State | AK legislature
Senate passes new approach to pension obligation

...pension obligation. But the Senate plan would divvy the money differently, putting $2 billion toward the teachers' retirement system, which is in poorer shape, and $1 billion toward the public employees' system.Parnell had proposed about...
State | AK legislature
Parnell pitches own retirement bill

Gov. Sean Parnell introduced his public employees' and teachers' retirement system fix in bill form Thursday - a move lawmakers say will expedite the process with only 10 days left in the session. It's the same...
State | AK legislature
TRS pulled from education bill in House

...House voted to remove a plan to address the teachers' retirement system from a broad-ranging education bill it began...employees' retirement system and the rest to the teachers' retirement system. The House Finance Committee, in its rewrite...
State | AK legislature
My Turn: Retirement checks should never bounce

...state is the largest employer in the Public Employees Retirement System, it's only a minor debtor in the Teachers Retirement System. A miscalculation today in the pay-as-you-go alternative could require some school districts to double...


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