HB 256 Information Concerning Retirees
June 28, 2016
The Alaska legislature has recently submitted their budget bill, HB 256, to the Governor for approval. There is language in that bill that asks for a feasibility study to be done concerning moving retiree pension/health benefit trust asset investment and management responsibilities from the Alaska Retirement Management Board (ARMB) to the Alaska Permanent Fund Corporation (APFC).
After careful review of such a transfer, and discussion with members of the ARM Board, RPEA feels this would not be in the best interests of retirees or the trust that funds our pensions and health benefits.
The documents below explain the issue and the concerns involved.