Alaska restores employee pension plan

Trine Jonassen
alaska

The Alaska State Senate has passed HB 78, legislation to restore a defined benefit retirement system, by a 12–8 vote.

After nearly two decades of advocacy, this vote marks a significant milestone for public employees across the state.

"For too long, the lack of a stable, secure retirement has made it harder to keep experienced educators in our classrooms and attract new ones to our state", NEA-Alaska states in a post on Facebook.

NEA-Alaska is an affiliate of the National Education Association.

The bill will reinstate a pension system for state and local government employees in Alaska.

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