AK is 47/50 in pension funding obligation

posted by Rick Rydell -

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The state says it’s handling the multi-billion dollar pension debt responsibly.

A recent report from the non-partisan group "Truth In Accounting" found that Alaska has $18.5 billion in bills and that $10.1 billion is unfunded pension benefits and retiree health care benefits.

That unfunded liability is the difference between the anticipated cost of paying retiree pension and medical benefits for decades to come and the amount the state thinks it will have in its funds.

AK is 47/50 in pension funding obligation


Rick Rydell

Rick Rydell

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