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 20-member state Senate have signed onto the bill, sponsored by Senate Majority Leader Cathy Giessel, an Anchorage Republican. The measure was outlined in a news conference March 1 by members of the bipartisan coalition that controls the Senate.

Coalition members said the 2006 legislation that moved Alaska from a traditional retirement benefits plan to...

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