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Alaska Senator Advocates Creation of Optional Defined Benefit Plan for State Employees
Pensions & Investments, reprinted in Business Insurance Feb. 1, 2012
The bill calls for a new defined benefit plan tier following backlash from 2006 legislation that made Alaska the first state to switch to an all defined contribution plan structure for new employees.... [M]unicipalities are concerned with the potential of training and employing police officers for five years, only to see them bolt with their [defined contribution plan] assets to another state that can offer a pension.
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