In 2006, the state of Alaska moved from one type of retirement system (defined benefits pension-DBP) for state employees to a 401(k)-style defined contribution retirement plan. The reason for this switch was concerns about debt and future risks. Today, there are new proposals that would create an additional DBP system for some government employees–all while the private sector has moved steadily away from this costly and risky model and while Alaska’s current DBP system is only 67% funded.
Join us for an informative 45-minute discussion to learn more about the costs and risks to proposed changes in Alaska’s pension system.
Tuesday, May 10 at 8:00 AM Alaska Time via Zoom
Register here to guarantee your spot and receive reminders about this important conversation: https://us02web.zoom.us/webinar/register/WN_QFIZe2DKRC6wuuPaP90PBw
Leonard Gilroy is Senior Managing Director of Reason Foundation’s Pension Integrity Project where he assists policymakers in designing, analyzing and implementing public sector pension reforms. The project team has provided technical assistance to several successful pension reform efforts in recent years in Michigan, Colorado, Arizona, South Carolina and other states aimed at tackling persistent pension solvency challenges. Mr. Gilroy’s articles have been featured in such leading publications as The Wall Street Journal, Los Angeles Times, and Houston Chronicle and has appeared on CNN, Fox News Channel, Fox Business, and other media outlets.
Ryan Frost is a Policy Analyst at Reason Foundation’s Pension Integrity Project. Prior to joining Reason, Mr. Frost spent seven years as the senior research and policy manager for the Washington State Law Enforcement Officers’ and Fire Fighters’ Retirement System (LEOFF 2), a plan that is nationally recognized for its exceptional funding level. Frost conducted multiple pension studies for the Washington State Legislature. He also drafted and testified on six pieces of adopted legislation affecting LEOFF 2 members, including a first-of-its-kind annuity-rollover provision for defined-benefit plans. His work has been published by The Orange County Register and cited by The Center Square, The Tennessee Star, and the National Association of State Retirement Administrators.