Senate Finance adopts committee substitute to phase in Supplemental Benefit System participation The committee adopted a committee substitute for SB55 that phases in employer and employee contributions to the Supplemental Benefit System (SBS) for new entrants — 2% year one, 4% year two, and 6.13% year three — and opens SBS participation to teachers and certain public employees; members flagged large long-term fiscal impacts and called for more analysis.

The Senate Finance Committee is taking a bold step to phase in contributions to the Supplemental Benefit System, impacting teachers and public employees—could this reshape their financial futures?

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Alaska hearing on HB 78 spotlights split over returning to a defined-benefit pension for new hires At a Senate Finance Committee hearing on House Bill 78, economists, unions and dozens of public employees urged reinstating a limited defined-benefit tier to reduce turnover, while budget watchdogs warned of multibillion-dollar risks; the committee set the bill aside for further review.

A heated debate in Alaska reveals a stark divide over a proposed pension bill that could either stabilize the workforce or plunge the state into fiscal chaos.

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Senator Kaufman introduces SB 198 to amend Alaska retirement plans Legislation updates retirement eligibility and medical benefit stipulations for Alaska teachers and public employees

Alaska's teachers and public employees may see significant changes to their retirement plans and medical benefits with Senator Kaufman's new legislation!

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Alaska representatives discuss personal information protection amid Janus implications Alaska committee explores bill to safeguard public employees' private information from records requests.

Alaska lawmakers are in a heated debate over a bill that could reshape how public employees' personal information is protected, raising questions about representation and privacy rights.

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ARM board sets zero contribution rate for health plan amid overfunding concerns ARM board maintains zero contribution rate for health plans while evaluating future financial strategies.

Alaska’s ARM board has set a groundbreaking 0% contribution rate for health plans, sparking debate on the future of retirement funding and potential beneficiary payouts.

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