Alaska Pension Reform
Shortfalls in state-run retirement systems continue to grow, and in the 2012 fiscal year, the gap between promises to state workers and funding in the accounts reached $915 billion. Unfunded pension obligations can have significant implications for a state’s fiscal stability, including lower credit ratings, increased borrowing costs and the diversion of state resources away from other spending priorities like infrastructure and education.
Accounting for the State of Public Pensions
August 9, 2014
Presentation by Senator Hollis French, Alaska
First elected to the Alaska Senate in 2002, French has served as chairman of the Senate Judiciary Committee and Administrative Regulation Review Committee. He serves on the Senate Resources and Transportation committees.