Long a priority of public-employee unions, senators said they envision the new “defined benefit” retirement system — which resembles the one abolished by legislators in 2006 — as a way to address state job vacancies. (From AlaskaBeacon)
Sen. Cathy Giessel, R-Anchorage, speaks about Senate Bill 88, the Senate Majority’s new public employee pension proposal, on Wednesday, March 1, 2023.
“I’m very glad that Sen. Giessel has taken on this challenge. I know it’s taken a lot of work,” he said. Bjorkman is the chair of the Senate Labor and Commerce Committee, which will receive the bill first, and he said he wants to hold hearings “as soon as possible.” Giessel said the Senate majority talks regularly with Dunleavy and the leaders of the predominantly Republican coalition majority in the House, and she expects to talk to them about the pension bill as it advances.
Pension bills are a regular feature of legislative sessions — the senators who have represented Juneau since 2006 introduce them biennially — but this bill has more support than any of the prior efforts.
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