Alaska Senate passes new pension program for state employees, but final approval is in question

2024-02-02T14:05:16-08:00January 31st, 2024|Categories: Defined Benefit Plans|Tags: , , |

By James Brooks Source: Alaska Beacon The Alaska Senate on Wednesday approved legislation to revive a pension program for state employees, an act that could bring new benefits to as many as 37,000 Alaskans and is intended to ease a chronic employee shortage at state agencies. Alaska has been without a public-employee pension program for new workers since 2006, when the Alaska Legislature abolished it in favor of a 401(k)-like program in which benefits are not guaranteed. Subsequent data [...]