Articles from the March 8, 2023 edition

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State senators introduce new pension plan for public employees

A proposed overhaul of Alaska’s public employees retirement system would provide a new pension plan for state and municipal workers, intended by supporters to address the ongoing inability to recruit and retain enough employees. Half of the 2...

 
 By James Brooks    News    March 8, 2023

Public employee retirement plan falls short of benefits under previous system

Alaska’s 401(k)-style retirement system for new employees is providing significantly smaller benefits than the pension-style retirement system discontinued for new hires in 2006, according to an analysis from the state Division of Retirement and B... Full story

 
 By Shannon Haugland    News    March 8, 2023

Senate Finance co-chair says proposed spending cap that excludes PFD is 'nonsensical'

Bills under consideration in the Legislature to cap state spending are not addressing the main challenges Alaska is facing, said Sitka Sen. Bert Stedman, co-chair of the Senate Finance Committee. “We don’t have a spending-side problem; we have a rev...

 
 By Zaz Hollander    News    March 8, 2023

State will close most of Cook Inlet to king salmon sportfishing

The state is shutting down most summer king salmon sportfishing around Cook Inlet amid continued declines in the strong, hard-running fish that not that long ago filled freezers and fueled tourism in the state’s most populated region. The Alaska D...

 

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