• Forecast
  • News Tip
  • Categories
Temperature Precipitation
Estimated read time
37s

House strips retirement plan from education bill

By Associated Press 6:25 PM April 7, 2014

The Alaska House has voted to remove a plan to address the teachers’ retirement system from a broad-ranging education bill.

Gov. Sean Parnell had urged lawmakers to do so, arguing the issues should be looked at separately.

The vote was 37-3. It was part of the overall debate on the education bill, which began late Monday afternoon.

Parnell had proposed moving $3 billion from the constitutional budget reserve toward addressing Alaska’s nearly $12 billion unfunded pension obligation, with $1.1 billion going toward the teachers’ retirement system.

The House Finance Committee’s rewrite of Parnell’s education bill proposed putting $1.4 billion toward the teachers’ system and another $100 million toward a reserve fund.

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 This material may not be published, broadcast, rewritten or redistributed.)

 

Latest Stories

  • Lifestyle

    Fewer U.S. teens are having babies; here’s why

    by CBS News on Apr 28, 18:39

    Birth rates among teens in the U.S. have dropped dramatically since 2006, according to a new report, and there are a lot of factors behind the trend, including a steep decline in births by black and Hispanic teens. Births to all American teenagers have plummeted by more than 40 percent, said Lisa Romero of the U.S. […]

  • Lifestyle

    Numbers don’t lie: Alaskans are crazy about their chickens

    by Carolyn Hall on Apr 28, 18:18

    A small tract of land can yield quite a crop for an ambitious backyard homesteader such as Mountain View resident Phil Cannon. His garden produces all the staples: carrots, potatoes, beets and lettuce. “We try to grow as much as we can for vegetables. This year we’re gonna let the kids grow their own sections […]

  • Politics

    Negotiators reach deal on excess power program earnings

    by Associated Press on Apr 28, 17:21

    JUNEAU, Alaska (AP) – House and Senate negotiators have reached agreement for use of any excess earnings from a fund set up to help rural areas faced with high electricity costs. A conference committee Thursday agreed to legislation that would allow for 70 percent of excess earnings from the Power Cost Equalization endowment fund to […]

  • On-Air

    Reality Check w/ John Tracy: Why the fiscal gap should be fixed now

    by John Tracy on Apr 28, 16:56

    Back in October, when I first began these commentaries, I said that lawmakers would be unlikely to levy an income tax, or use earnings from the Permanent Fund to help balance the budget. It didn’t take much of a crystal ball to make that prediction going into an election year, even though it was possible […]

  • Crime

    Anchorage man admits to stealing mail, credit cards from Hillside residents

    by KTVA CBS 11 News on Apr 28, 16:01

    An Anchorage man pleaded guilty to charges of mail theft and credit card fraud in federal court Wednesday, according to a release from the U.S. Attorney’s Office. Evan Mullen, 28, admitted to stealing mail and packages from multiple homes in Anchorage’s Hillside neighborhood from December 2015 until his arrest in February 2016. His main target […]

  • Lifestyle

    Living Alaska: A 360-degree view on Bodenburg Butte

    by Megan Edge on Apr 28, 15:34

    I just needed one minute, after I summitted, to take in every angle of the 360-degree view from atop Bodenburg Butte: the Matanuska River valley, the Talkeetna Mountains, the Knik River valley, Pioneer Peak and the Knik Glacier. I could see it all after an hour-long drive and a 1.5-mile traverse from the West Butte […]

  • DayBreak

    Homes for Heroes program now available in Alaska

    by Daybreak Staff on Apr 28, 15:11

    A program to thank heroes by making the home buying, selling or refinancing process a little easier has finally come to Alaska. The Homes for Heroes is a “hero saving” program that is now available in Anchorage. It offers discounts on agent fees and bank loans to those who serve our country and communities. Realtor […]

  • Weather

    Garden Report: Thyme to start growing herbs

    by Rachael Penton on Apr 28, 13:04

    It’s shaping up to be a record-setting year in Anchorage. Ten new record high temperatures have already been set, and eight additional record highs tied. With warmer than normal temperatures forecast through the summer months, 2016 could be the warmest year ever recorded in Anchorage. However, gardeners shouldn’t get overexcited about the warm weather. With […]