• Forecast
  • News Tip
  • Categories
Temperature Precipitation
Estimated read time
43s

Alaska House passes gov’s pension plan

By Associated Press 9:56 PM April 17, 2014
JUNEAU –

The Alaska House has passed Gov. Sean Parnell’s plan for taking $3 billion from savings to address the state’s unfunded pension obligation.

Lawmakers rejected a proposed amendment to tighten language to fix annual payments to the teachers’ and public employees’ retirement system at $343 million and $157 million, respectively. But Rep. Cathy Munoz said that language took away some flexibility. The bill calls for payments up to those amounts.

Another proposal, to remove the specific annual payments altogether, was withdrawn. Rep. Charisse Millett said she was leery of putting a dollar amount in statute, given the state’s tough budget outlook, and wanted to at least have the conversation.

HB385 passed 38-2.

It now goes to the Senate, where Finance Committee members have been studying different possible approaches to the issue.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest Stories

  • News

    Fili’s Pizza drops liquor store application

    by Anna Rose MacArthur/KYUK on Mar 26, 19:01

    Fili’s Pizza has dropped its application to turn its restaurant into a liquor store, according to a story published by KYUK Public Media. Bethel City Council issued a protest of the license in February, mainly because of the site’s location. The pizzeria sits across the street from a halfway house and a cemetery, down the […]

  • News

    Sunken South Korea ferry lifted from sea floor

    by Associated Press on Mar 26, 18:26

    South Korean salvage crews have raised a sunken, 6,800-ton ferry out of the water and loaded it onto a transport vessel that will carry it to a port. The Ministry of Oceans and Fisheries said Friday that the upper side of the Sewol had been lifted from the seafloor, where it was lying sideways after […]

  • Politics

    Trump tweets about Democrats, Freedom Caucus after health care bill fails

    by CBS News on Mar 26, 18:01

    President Trump initially publicly blamed Democrats for the failure of the Republican health care bill. But on Sunday morning, he hit the Freedom Caucus and outside groups, too, tweeting that Democrats in Washington are “smiling” after the conservative Republicans “saved” Planned Parenthood and Obamacare. Democrats are smiling in D.C. that the Freedom Caucus, with the […]

  • Sports

    Alaskans bring home medals from the Special Olympics World Winter Games

    by KTVA CBS 11 News on Mar 26, 16:47

    Among the athletes at this year’s Special Olympics World Winter Games in Austria were two Alaskans, both of whom brought home medals in their respective sports. Madison Englund is a snowboarder from Fairbanks and earned two medals at the games. Fellow athlete Jennifer Troutman hails from Anchorage and earned a medal in Alpine skiing. She was disqualified […]

  • Politics

    Meet the candidates: District 6 – Seat K – South Anchorage

    by Daniella Rivera on Mar 26, 16:00

    KTVA invited every registered candidate running in the upcoming Anchorage municipal election to an on-camera interview at our studios to discuss the following topics: Balancing the budget Public safety Introducing new taxes Addressing homelessness in Anchorage Plans for the future We also asked each candidate to submit a 300-word biography. The candidates’ full interviews and […]

  • Alaska troopers search for suspects in taxi driver’s robbery

    by KTVA / AP on Mar 26, 13:56

    Alaska State Troopers say they are searching for two men who robbed a taxi driver at gunpoint. The Fairbanks Daily News-Miner reports that a trooper news release says a driver for Arctic Cab picked up a man at Club Manchu early Saturday morning. Troopers say the man, who appeared to be in his early 30s, […]

  • News

    3 pilots inducted into Alaska Aviation Hall of Fame

    by KTVA CBS 11 News on Mar 26, 13:20

    Three pilots were inducted into the Alaska Aviation Hall of Fame Saturday night. KTVA’s Joe Vigil was the master of ceremonies at the event, which honored pilots Holger “Jorgy” Jorgenson, Sam White and J. Vic Brown Jr. The ceremony is a major fundraiser for the Alaska Aviation Museum, which preserves the state’s aviation history, past […]

  • Trooper-involved shooting leads to deaths of suspect, K-9

    by KTVA CBS 11 News on Mar 26, 12:02

    Last updated at 1 p.m. on Sunday, March 26 A Wasilla man and a K-9 died Sunday after a shooting involving Alaska State Troopers, according to an online dispatch. The incident began around 2:50 a.m. during an attempted traffic stop in the area of Bogard Road and Helen Lane in Wasilla, trooper spokeswoman Megan Peters […]