The Alaska Public Pension Coalition’s (AKPPC) is fighting on behalf of all Alaska public employees to restore PENSIONS FOR PUBLIC SERVICE.

Alaska is facing a PUBLIC SERVICE crisis. Many state agencies have 20% vacancy rates, there are over 1100 open positions in public education across the state and the Fairbanks Police Department is offering $20k-$60k hiring bonuses. Every day between 8am and noon there is no police coverage in Fairbanks due to the inability to recruit and retain public safety officers.

Senate Bill 88 is a proposal to restore pensions for public service. SB 88 is a retirement system with reasonable costs and fair benefits.

SB 88 is modeled after other states with well-funded modern pension systems, including Wisconsin, South Dakota, and Indiana.

SB 88 has safeguards in place to prevent underfunding, including a risk sharing mechanism to maintain pension fund health in all market scenarios.

Senate Bill 88 is not a silver bullet, but one tool to address Alaska’s public service workforce crisis. Senate Bill 88 provides a modest pension and does not address health care.