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By Richard Hiller and Rod Crane at Reason Foundation, in conjunction with Alaska Policy Forum This is a review of Alaska’s defined contribution retirement plan (DCR), also referred to as Tier 4, and […]
Authored and published by Reason Foundation. Abstract In 2005, Alaska enacted one of the most radical retirement system reforms in the public sector by discontinuing enrollment into its defined-benefit pension plan and creating […]
As is often the case, there was no shortage of bills introduced to the 32nd Legislature (which comprises 2021 and 2022). Not counting resolutions, legislators introduced 690. Those that did not pass both […]
As of 2020, Anchorage faced a financial cliff of $658.7 million, leading Truth in Accounting (TIA) to label it a “sinkhole city” because the municipal government did not have enough assets to cover […]
Experts from Reason Foundation’s Pension Integrity Project recently joined us for a 45-minute discussion on the costs and risks of changes to Alaska’s pension systems. You can watch the recording here (begins 04:30), […]
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 […]
According to a report by our network partner, Tax Foundation, Alaska ranks 31st out of 50 states for how well-funded the public pensions are. As of 2020, one year after the Tax Foundation […]