Published 3 months ago

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

Summary by Ground News

Alaska has been without a public-employee pension program for new workers since 2006. The Alaska Legislature abolished it in favor of a 401(k)-like program in which benefits are not guaranteed. New employees are now much less likely to remain in the state and frequently earn less.

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

Senate Majority Leader Cathy Giessel, R-Anchorage, speaks in favor of Senate Bill 88 on Wednesday, Jan. 31, 2024, on the floor of the Alaska Senate. (Photo by James Brooks/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…

3 months ago

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Alaska Beacon

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

Senate Majority Leader Cathy Giessel, R-Anchorage, speaks in favor of Senate Bill 88 on Wednesday, Jan. 31, 2024, on the floor of the Alaska Senate. (Photo by James Brooks/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 …

3 months ago

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Juneau Empire

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

Juneau Empire Juneau Empire - The Voice of Alaska's Capital Since 1912 The Alaska House of Representatives has shown little interest in considering pension bills Alaska Senate passes new pension program for state employees, but final approval is in question Wire Service

3 months ago

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

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

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

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

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

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

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

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