04/30/2026
The Alaska Legislature has passed House Bill 78, reestablishing a defined benefit pension plan for teachers, public safety officers, and public employees. The bill now heads to Governor Dunleavy for consideration.
Senate Majority Leader Cathy Giessel said it best:
"Behind every unfilled position in Alaska is a classroom without a teacher, a community without a trooper, and a family without the services they were promised. Behind every position we do have filled is a public servant we cannot afford to lose. Extensive analysis shows this is a responsible pension plan that more than pays for itself in savings on training and overtime costs. Built on shared risk and years of actuarial review, economic analysis, and listening to Alaskans, this is a fiscally sound pension our communities and public servants can trust — and its automatic adjustment mechanisms ensure it stays that way."
After more than a decade of recruitment and retention challenges, Alaska is taking a fiscally responsible step to invest in the people who keep our communities running.
You can read more from the Senate Majority here: https://alaskasenate.org/press/042926_press_release.htm