Amid deeply troubling public employee recruitment and retention challenges, the Alaska Senate recently passed a bill to return public employees to a defined benefit pension plan. This would reverse a 2005 decision that closed Alaska’s two statewide pension plans to new hires. I’m in Alaska this week meeting with stakeholders and sharing the findings from a recent NIRS report requested by the Alaska Department of Education on teacher recruitment and retention as the legislative session quickly approaches its 2024 conclusion.
Over the course of this week, I intend to share my observations from what are proving to be highly interesting conversations about the retirement benefit outlook in Alaska. In this first column, I’m setting the stage on the retirement and workforce situation here in the Last Frontier State.
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