Mark Your Calendar: March 28, 7-8:30 pm
12 March 2006Retirement Security or Welfare?
The Destruction of the Public Employees and Teachers Retirement Systems
Anchorage, AK March 28, 2006 — The Alaska Center for Public Policy (ACPP), in association with AARP, the Retired Public Employees of Alaska (RPEA), and the National Education Association - Alaska (NEA- Alaska)will host an interactive public forum on the consequences of the recent destruction of the public employees and teachers retirement systems (PERS/TRS). The event will be held on Tuesday, March 28, 2006, 7:00-8:30pm at the Wilda Marston Theatre in the Loussac Library.
Experts and affected public employees will speak about the effects and consequences of the recent changes in the retirement systems. Following the presentations, there will be an open question and answer period. Refreshments will follow.
The Problem
As of July 1, 2006, newly hired State employees will not have a State Pension or Social Security, making Alaskan public employees the most vulnerable in the United States. Public employees will have a defined contribution plan (like a glorified savings account) - there will be no guaranteed benefits at retirement. How was this policy passed through the Legislature? What will this mean for retirees and their families? Will you be able to retire? To be a part of the discussion, come to the Wilda Marston Theatre at the Loussac Library on March 28th at 7:00PM.