The Seal of the State of Alaska
  Help    

   
Alaska State Legislature
    Home  |  News  |  Legislators  |  Committees  |  Bills  |  Surveys  |  Archives  |  AchievementsAlaska State Legislature
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature

Advanced Search
Alaska State Legislature
· Rep. Pete Kott
Chair
· Contact Staff  
· Next Scheduled Meetings  
· Press Releases  
· Committee Minutes  
· Committee Legislation  
· Bills Referred to Committee  
· Bills Currently in Committee  
· Bills Sent Out of Committee  
· 23rd Legislature  
· 22nd Legislature  
Alaska State Legislature
Alaska State Legislature
24th Alaska State Legislature
The 24th Alaska State Legislature
Alaska State Joint Legislative Council Committee
Rep. Pete Kott, Chair

Click image for large 5'' x 7'' portrait
Session:
State Capitol, Room 403
Juneau, AK 99801-1182
Phone: (907) 465-3777
Fax: (907) 465-2819
Toll Free: (800) 861-5688
Send Email
Send Public Opinion Message
Subscribe to Newsletter - Privacy Policy

Interim:
19028 Eagle River Rd., #238
Eagle River, AK 99577
Phone: (907) 694-8944
Fax: (907) 694-8945

Legislative Council Calls for Contract to Study PERS Issue
Alaska State Legislature
Alaska State Legislature
Attachments Attachments

 
Released:
April 4, 2005


"With the information from this contract, the legislature will be able to make more informed decisions regarding Alaska's Retirement System. I hope to have a preliminary report by the Legislative Council meeting scheduled for April 21, 2005 in order that we might be able to share this information with the entire Legislature prior to adjournment."
- Rep. Kott

 

(JUNEAU) - Chairman of Legislative Council, Representative Pete Kott (R-Eagle River) held a press conference earlier today to announce a contract to study the Alaska Public Employees Retirement System (PERS).

A Michigan firm, Actuarial Service Company, P.C., has been hired by the Legislative Council to conduct an actuarial evaluation of the PERS. Representative Kott was joined by Vice-Chair Senator Gene Therriault (R-North Pole) and Representative Mike Hawker (R-Anchorage) to announce the contract.

"With the information from this contract, the legislature will be able to make more informed decisions regarding Alaska's Retirement System," said Representative Kott. He continued, "I hope to have a preliminary report by the Legislative Council meeting scheduled for April 21, 2005 in order that we might be able to share this information with the entire Legislature prior to adjournment."

"Any problem that starts with a "B," as in billion, is of serious concern to the members of the Senate and the citizens we represent," said Senator Therriault. "And this study will shed light on the problem."

Joseph Esuchanko, with Actuarial Services Company, P.C., who will be conducting the study, joined the press conference via telephone from Michigan to answer questions. "Trends continue to call for double-digit health care costs. The state's assumption is for a 12% increase over the next couple of years then dropping to 5%. Neither history, nor projections, bears this out. If these assumptions are wrong, the state's unfunded liability will be much larger than anticipated."

Final results of the study are expected by May 31, 2005.

# # #

"Any problem that starts with a ''B,'' as in billion, is of serious concern to the members of the Senate and the citizens we represent. And this study will shed light on the problem."
- Sen. Therriault

 
Attachments:
 
·
Print Text Version
· Acrobat PDF Version [PDF - 1 page - 22 KB]


Sign Up For E-News!

Unsubscribe  Privacy
Alaska State Legislature
· 25th Legislature Info
House Majority
House Minority
Senate Majority
Senate Minority
BASIS
 
· 24th Leg. Special Session Info  
· Oil & Gas Production Tax Information  
· Keyword Search  
· Legislator Districts  
· Photo Table  
· Passed Legislation  
· Past Legislatures  
· More Web Tools  
· Majority Press Staff  
· Information Offices  
Requires Real Audio Player = Adobe PDF Reader  
Requires Real Audio Player = Real Audio Player  
Requires Real Audio Player = MP3 Audio Player  
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature

1 Viewer(s)

Total at this time.
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature
· Rep. Pete Kott
Chair
· Sen. Gene Therriault
Vice-Chair
 
· Rep. John Harris
 
· Rep. John Coghill
 
· Rep. Carl Gatto
 
· Rep. Norman Rokeberg
 
· Rep. Bruce Weyhrauch
 
· Rep. Ethan Berkowitz
 
· Sen. Ben Stevens
 
· Sen. John Cowdery
 
· Sen. Gary Stevens
 
· Sen. Thomas Wagoner
 
· Sen. Gary Wilken
 
· Sen. Bettye Davis
 
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature
Home  |  News  |  Legislators  |  Committees  |  Bills  |  Surveys  |  Archives  |  E-News  |  HelpAlaska State Legislature
Alaska State Legislature
The Official Web Site of the House and Senate Legislative Majorities
for the Alaska State Legislature

To Report Technical Problems or Contact Webmasterse-mail address list