NEWS: Senate Passes Legislation Establishing a Defined Benefits Retirement System for Public Employees and Teachers
JUNEAU – Today, the Alaska State Senate passed Senate Bill 88, sponsored by Senator Cathy Giessel (R-Anchorage), to create a newly defined benefit system for public employees and teachers and provide an option for current Tier IV employees to convert their defined contribution plan to the new pension retirement system. The legislation gained broad bipartisan […]