Chenault says $2B may be 'top end' for pension issue

JUNEAU (AP) — House Speaker Mike Chenault says his initial impression is that $2 billion is probably the “top end” of what lawmakers would put toward Alaska’s unfunded pension liabilities.

The Senate Finance Committee is looking at the $11 billion in unfunded liabilities. Co-chair Bert Stedman recently said he couldn’t imagine the committee not dealing with the pension issue with an infusion of equity of greater than $1 billion and less than $4 billion. He wasn’t sure if the money would go into the system or a side account.

Legislation has been introduced creating a pension trust reserve fund and transferring $2 billion from savings to it. 

Chenault says he doesn’t think it’s a bad idea to pay down some costs. But he has questions about why the unfunded liabilities continue to mount.

More

Mon, 09/18/2017 - 21:45

Red Cross to host volunteer orientation in Soldotna

Flexibility is key in helping during a disaster. Jenne Long learned that within a few hours of arriving in Texas two weeks ago to help... Read more

Mon, 09/18/2017 - 21:42

New life at the ‘Sterling Zoo’

Mon, 09/18/2017 - 21:40

Soldotna continues annexation discussion

The discussion of Soldotna’s potential annexation is moving out of city council chambers.

Read more
Mon, 09/18/2017 - 11:34

Body found on beach identified as Kurt Keltner

The Alaska State Medical Examiner has confirmed the identity of a body found on the north Kenai beach last week as Kurt Keltner.

Read more