About Alaska's Coalition
Founded in 2021, the Alaska Public Pension Coalition’s (AKPPC) primary purpose is to re-open the state’s closed pension plans. In 2006, the Alaska legislature eliminated the option for a defined-benefit pension plan for public employees, including teachers, state workers, firefighters, and police officers. Since then, public employees only have access to a defined-contribution 401(k) plan, while many do not receive Social Security benefits when they retire.
Over the years, several efforts have been made to restore the previous benefits system, but they have yet to succeed. The need for a defined-benefit pension plan for public employees has reached a crisis point with job vacancies and unfilled positions across every sector of public employment in Alaska.
The goal of the AKPPC is clear: the legislature must pass comprehensive legislation through both the Alaska State House and State Senate that restores the option for a defined-benefit pension during the 33rd Alaska Legislature from 2023 to 2025.
Resources:
Fiscal Responsibility and 401(k)s
Recruitment and Retention One-Pager