We rely on them every day.
Public workers in Alaska deserve to earn a retirement they can count on. House Bill 78 creates a pension system that saves the state money and keeps state services running.
Why does Alaska need pensions?
Public servants deserve a retirement they can count on–and the current retirement system isn’t cutting it. Only pensions promise a lifetime of security after a lifetime of service. And–retention in critical public sector jobs is at an all-time low. Secure retirement benefits, paired with livable wages and affordable healthcare, are key factors in employee satisfaction and retention.
House Bill 78 offers a fiscally responsible, stable, and dignified defined benefit (DB) retirement to Alaska’s public servants, providing them with a guaranteed lifetime pension. HB 78 will stabilize overtime costs, decrease vacancies, and improve retention, all without adding to the state’s unfunded liability.
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House Bill 78 offers a stable and dignified defined benefit (DB) retirement to Alaska’s public servants, providing them with a guaranteed lifetime pension.
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