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'On-behalf' payments swell school district budget numbers

...System (PERS) and Alaska Teachers Retirement System (TRS) brings the school...historically underfunded state and teacher retirement systems," Jones said. Alaska...difference, according to the Teachers' Retirement System Comprehensive 2014 Annual...
Moving pieces: School district continues work on 2016 budget

...year are not yet available, according to the budget. Called the Public Employees' Retirement System and the Teacher Retirement System, the two rates currently account for nearly $30 million of the school district's budget, Jones said. The...
Navarre ready to tackle health care costs

...Increased health care costs have also driven up the cost of Public Employees Retirement System (PERS) and the Teachers Retirement System (TRS). Navarre said any ways that can help reduce the cost could also benefit borough residents. The borough...
House panel advances governor's pension plan

...options.Senate Finance co-chair Pete Kelly, R-Fairbanks, said he is interested in putting more toward the teachers retirement system than Parnell proposed - perhaps around $2 billion - and looking at ways for the state to preserve its cash...
What others say: Pay now, not later

...Sean Parnell has put forward to address the state's growing unfunded liability to the public employees' and teachers retirement systems, better known as PERS and TRS. The rationale behind the move is that by injecting $3 billion from state...
Education bill rewrite leaves some frustrated

...funding formula known as the base student allocation. They also severed from the bill a plan to address the teachers' retirement system, which Gov. Sean Parnell had urged them to do.It remained unclear Tuesday just how lawmakers might yet...
House strips retirement plan from education bill

...House voted to remove a plan to address the teachers' retirement system from a broad-ranging education bill it began...employees' retirement system and the rest to the teachers' retirement system. The House Finance Committee, in its rewrite...
Panel proposes more school money, pension option

...schools but also a plan for addressing the teachers' retirement system that has raised concerns with Parnell administration...proposal.Between the public employees' and teachers' retirement systems, the state has an unfunded pension obligation...
Proposed state budget includes addition $100 million for schools

...shifting $3 billion from a state savings account toward addressing the obligation for the public employees' and teachers' retirement systems, which he said will result in annual payments of $500 million and ease pressure on the state budget. Kelly...
Parnell reiterates call for action on pension issue

...3-billion transfer from the state constitutional budget reserve fund, divided between the public employees' and teachers' retirement systems, would lower annual payments to $500 million. A draw from that reserve fund requires a three-fourths...


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