If signed into law, many employees of state and local governments, including teachers, would have the option to switch from the existing defined-contribution retirement plan to a pension plan.
"Alaska Public Employees Retirement System"
More than $6 billion gap in state pension funding draws concern
Some state senators are expressing concern about the projected shortfall in funding Alaska’s public employee pensions. But those who manage the pension funds say the shortfall will likely remain manageable.
Egan reintroduces public employee retirement choice bill
Senate Bill 30 would allow state and local government workers to choose either a traditional defined benefit pension or a 401(k)-style defined contribution plan.
Egan’s retirement choice bill on the move
The Senate State Affairs Committee has advanced a bill giving Alaska’s public employees a choice of retirement systems, despite objections from the Parnell administration.