Letter: Retirement risks
By Holly R. Hill
We have a huge number of state and municipal retirees in Alaska. Most of them do not know that their retirement benefits, PERS/TRS, are guaranteed under the Alaska Constitution. Article 12, section 7 states: “Membership in employee retirement systems of the State or its political subdivisions shall constitute a contractual relationship. Accrued benefits of these systems shall not be diminished or impaired.” This means that earned benefits for state troopers, city police, firefighters, teachers, etc. are currently guaranteed. Gov. Sean Parnell actually moved to shore up these systems during his term.
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