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Senate passes new approach to pension obligation

...to a conference committee.The Senate, like Gov. Sean Parnell, proposed moving $3 billion from the constitutional budget reserve fund to help cover the state's nearly $12 billion pension obligation. But the Senate plan would divvy the...

http://peninsulaclarion.com/news/2014-04-19/senate-passes-new-approach-to-pensio
News
Voices of Alaska: Oil industry crucial to Alaska economy

...in the bank, thanks to our oil revenues: $50 billion in the Permanent Fund, $12.4 billion in the constitutional budget reserve fund and $4.8 billion in the statutory budget reserve.On a more personal level, oil revenues contribute...

http://peninsulaclarion.com/opinion/2014-06-10/voices-of-alaska-oil-industry-cru
Opinion
Panel proposes more school money, pension option

...Annual payments would start out at about $160 million.At the start of the current fiscal year, the constitutional budget reserve fund - which requires a three-fourths vote of the House and Senate to tap - had about $11.6 billion.Neither...

http://peninsulaclarion.com/news/2014-04-01/panel-proposes-more-school-money-pen
News
Parnell reiterates call for action on pension issue

...year, according to Parnell's budget office.Parnell has said a $3-billion transfer from the state constitutional budget reserve fund, divided between the public employees' and teachers' retirement systems, would lower annual payments...

http://peninsulaclarion.com/news/2014-03-22/parnell-reiterates-call-for-action-o
News
Supplemental budget includes peninsula projects

...the administration over the vetoed projects. The supplemental budget also sends $2.6 billion to the Constitutional Budget Reserve Fund and another $1 billion to the Statutory Budget Reserve Fund. That might make spending money on the restored...

http://www.peninsulaclarion.com/stories/030908/news_4504.shtml
News
Lawmakers weigh savings

...Johnny Ellis, D-Anchorage. Ellis is the lead sponsor of SB142, which would move $2 billion from the Constitutional Budget Reserve Fund into the Permanent Fund. The measure would put another $2 billion from the reserve fund into a special...

http://peninsulaclarion.com/news/2012-01-16/lawmakers-weigh-savings
News
Steady drip a call for rainy day PERS/TRS funding

...the operating budget. While Governor Palin has proposed to place $1.8 billion of the surplus into the Constitutional Budget Reserve Fund, I believe it would be more responsible to address the unfunded liability of PERS and TRS. The CBR is the state...

http://www.peninsulaclarion.com/stories/021507/oped_0215ope001.shtml
Opinion
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