Alaska retiree health trusts overfunded after federal Medicare Part D subsidies; pension funds lag Division of Retirement and Benefits officials told the House Finance Committee that PERS and TERS pensions remain under 80% funded while retiree health trusts are overfunded largely because of Employer Group Waiver Plan (EGWIP) Medicare Part D subsidies introduced in 2018. Actuaries cautioned the subsidies are federal and not guaranteed.

Alaska's pension plans are struggling to stay afloat while retiree health trusts are thriving, thanks to federal Medicare subsidies—what's the future hold?

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