Alaska House Bill 78 would reopen defined benefit plans for public employees

Alaska House Bill 78 would reopen defined benefit plans for public employees

A version of the following written comment was submitted to the Alaska House of Representatives Finance Committee on April 4, 2025. Alaska House Bill 78 proposes reinstating a defined benefit (DB) pension plan for new public employees in Alaska. The stated goal is to improve recruitment and retention, but it is important to evaluate whether this change addresses the workforce challenges you face and whether it does so in a way that’s fiscally re…