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SB 88

An Act relating to the Public Employees' Retirement System of Alaska and the teachers' retirement system; providing certain employees an opportunity to choose between the defined benefit and defined contribution plans of the Public Employees' Retirement System of Alaska and the teachers' retirement system; and providing for an effective date.

33rd Legislature (2023-2024) Introduced by Jennie Armstrong and 23 co-sponsors

SB 88 allows certain Alaska public employees and teachers to elect between defined benefit pensions and defined contribution retirement plans, shifting investment risk and state liabilities.

(H) -- Testimony <Invitation Only> --
#boards&commissions #education #insurance #medicalcare #publicemployees #retirement #salaries&allowances #teachers
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Bill text & amendments

SB 88 Draft Proposed Amendment R.1 SB 88 Presentation to SL&C_Reason Foundation 04.26.23 SB 88 Letters of Support-Received 3.18-20.23 SB 88 Research DPS Employee Engagement Survey Results 3.10.23 SB 88 Repealed Sections ver B SB 88 Research Actuarial Report from HB 55 (plus all other public employees) 01.18.21 SB 88 Research ARMB vs Mercer Lawsuit 03.16.23 SB 88 ver B.PDF SB 88 Letters of Opposition - Received as of 3.7.23 SB 88 White Paper-Effects of a Transition to DC Retirement Plan on Teacher Separations in AK SB 88 AKPPC Concerns with Buck Analysis SB 88 REVISED_ Presentation to SL&C 3.13.23 SB 88 News Articles 3.10.23 SB 88 Research Doonan's AK Teacher Recruitment & Retention Study SB 88 Public Testimony Packet 1 SB 88 Alaska_SB 88 CS LC_Actuarial Analysis FY25-FY39 SB 88 Research TRS Tier chart 3.10.23 SB 88 Public Testimony-Received 03.18-27.23 SB 88 Research DPS Cost to Replace a State Trooper SB 88 Alaska - distribution of contributions for FY25_current vs SB 88 SB 88 Testimony Boutin.msg SB 88 Public Testimony-Received 03.23-28.23 SB 88 Repealed Sections Version D 5.2.23 SB 88 Summary Table Version B 3.10.23 SB 88 Sponsor Statement Version D 5.2.23 SB 88 Research TRS Tier chart SB 88 Teresa Ghilarducci biography SB 88 Brainard AK Senate Finance Committee SB 88 Research DOA Funded Ratio Combined PERS TRS 03.16.23 SB 88 Summary of Changes (Ver. B to D) SB 88 Pensions committee update presentation 1-23-24 final SB 88 Research Dept of Law Recruitment and Retention SB 88 Public Testimony-Letters of Support-received as of 03.11-15.23 SB 88 Research DPS - Cost to Replace a State Trooper - 3.10.23 SB 88 Research OCS Staff Departure 2.23.23 SB 88 Research Returning Alaska State Employees to Social Security 3.10.23 SB 88 Testimony DeLozier.msg SB 88 Presentation to SL&C_National Institute on Retirement Security 04.26.23 SB 88 Suporting Documents-Edward Siedle - bio and articles SB 88 Letters of Support - Received as of 3.20-21.23 SB 88 Letters of Support-Received as of 3.21-28.23 SB 88 Draft Proposed CS ver R SB 88 Presentation by LegFin to SFIN on 03.03.23_referenced by Ryan Frost with Reason Foundation SB 88 Research PERS Tier chart SB 88 DOA DRB 011924 SB 88 work draft version T SB 88 012324 Kalwarski presentation SB 88 Fiscal Note-DOA-DRB-03.03.23 SB 88 Research AK Educator Turnover Infographic 3.10.23 SB 88 Alaska TRR Presentation_Final_Senate Finance 5-2-23 SB 88 Presentation to SL&C 03.29.23 SB 88 Letters of Support - Received as of 3.10.23 SB 88 Ghilarducci Report on SB88 final SB 88 Summary Table Version D 5.2.23 SB 88 Research (pg 5) Defined Benefit Total Funded Status DOA to SFIN 2.14.23 SB 88 Cheiron actuary analysis slides 5-11-23 final (003) SB 88 Sectional Analysis ver B 3.10.23 SB 88 Opposition Thompson SB 88 News Articles 5.2.23 SB 88 Public Testimony 3.10.23 thru 5.1.23 SB 88 Letters of Support-Received as of 3.20-29.23 SB 88 Supporting Documents-News Article_NY Times_Mercer's Little Alaska Problem SB 88 Research DB v DC comparison DOA presentation to Sen Fin 3.10.23 SB 88 Sponsor Statement ver B SB88 Testimoy Hill SB 88 Summary Table-CS Version R 04.25.23 SB 88 REVISED_Summary Table Ver B 3.12.23 SB 88 Research Risk Sharing in Public Retirement Plans NASRA 3.10.23 SB 88 Research 2017 ISER cost of teacher turnover 3.10.23 SB 88 Research FFD Cost of hiring from Scott Raygor Fire Chief Fairbanks 3.10.23 SB 88 SFIN Presentation 5.2.23 SB 88 Research DOA's DB v DC comparison SB 88 Research DPS Recruitment-Retention Plan Overview 3.10.23 SB 88 Supporting Documents-ACSA Presentation to SL&C-Work Force Challenges 03.15.23 SB 88 Support Kludt-Painter SB 88 Summary of Changes O to T 1-24-24 SB 88 CS(L&C) RET-PERS-051223 SB 88 News Article-Education News_Wisconsin teacher retention 04.26.23 SB 88 Fornia SharedRiskRetirement-Senate Finance-2May23 SB 88 Explanation of Changes Version B to R SB 88 Cheiron report 20230512s SB 88 Research Legislative Finance Division Research Report on Retirement System 3.10.23 SB 88article SB 88 Sectional Analysis Version D 5.2.23 SB 88 CS(FIN) VAR-ALL-051223 SB 88 Research Alaska Public Pension Coalition White Paper SB 88 Opposing Testimony-Email_Tom Boutin 04.26.23 SB 88 support Burgess - Retirement Systems, Defined Benefit Option SB 88 Research PERS Tier chart 3.10.23 SB 88 Research Alaska Public Pension Coalition White Paper 2010 3.10.23 SB 107 POMV split bill Amendment 1 Y.3 back-up SB 88 Public Testimony-Received 03.19-21.23 SB 88 work draft version (FIN) O 5-12-23 final SB 88 Supporting Documents-ACSA 2023 Joint Positions Statement SB 88 Research NIRS Teacher Retirement Plan Offerings March 2022 3.10.23 SB 88 Presentation to SL&C 3.13.23 SB 88 Overview Lozano SB 88 Summary of Changes FIN 5-12-23 SB 88 Research APFO Recruitment and Retention Report 3.10.23 SB 88 Research Leg Finance & Research's Retirement System Report