• Forecast
  • News Tip
  • Categories
Temperature Precipitation
Estimated read time
42s

Parnell calls committee pension plan ‘immoral’

By Associated Press 1:42 PM April 3, 2014
JUNEAU, Alaska (AP) –

Gov. Sean Parnell says a House Finance Committee proposal to address the teachers’ retirement system is “immoral” and shifts the debt obligation to future generations.

Parnell wants the plan pulled from his education bill.

The committee added the retirement plan to its rewrite of the bill, HB278. But Parnell says they’re two, very separate issues.

The bill is scheduled for the House floor Friday.

Parnell has proposed putting $1.1 billion into the system and making annual payments of about $340 million over 20 years. Trust fund earnings would eventually be used to pay benefits.

The committee plan proposes a $1.4 billion cash infusion and would start with smaller annual payments, and payments stretched over a longer period.

Legislative Finance Division Director David Teal says the approaches are just philosophically different.

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 This material may not be published, broadcast, rewritten or redistributed.)

Latest Stories

  • Weather

    Daybreak weather, Dec. 18

    by Brett Shepard on Dec 18, 7:52

    Skies will be mostly to partly cloudy today in Southcentral. In the Southeast rain and wind will be found over the southern half of the Panhandle with mostly to partly cloudy skies to the north. In the Interior skies will be mostly to partly sunny. On the North Slope skies will be mostly cloudy with […]

  • News

    Group to provide rural dog care in YK villages

    by Associated Press on Dec 18, 7:29

    A nonprofit veterinary group will provide free spay and neutering services for dogs in two Yukon-Kuskokwim villages this week. KYUK reports (http://is.gd/E1bPqX) the Alaska Native Rural Veterinary group will be in Tuntutuliak and Kongiganak on Wednesday and Thursday. Group leader Angie Fitch in Fairbanks says it’s too expensive for people in rural Alaska to fly […]

  • Sports

    International coach sparks speedskating in Anchorage

    by KTVA Sports on Dec 18, 7:12

    John Monroe says speedskating has been lacking in Alaska, and he’s out to change that. Monroe has been all over the world competing and, more recently, coaching the sport of speedskating. He was an assistant coach with the U.S. short-track team, took over the Dutch team after the Torino Olympics and through the Vancouver games. After […]

  • News

    Anchorage man hopes to revitalize Ahtna language with new children’s book

    by Heather Hintze on Dec 17, 21:32

    It all starts with a story. “Ndoxe Tiziyaas?” asked Grant Rebne. That’s half of the title of his new children’s book, with the other half translating to English as “Where are you going?” Rebne hopes the book will inspire people to learn and preserve his native language, Ahtna. “Our language shows our culture,” Rebne said. “It’s who […]

  • News

    Alaska Zoo takes in orphaned bear cubs

    by Bonney Bowman on Dec 17, 21:21

    Two orphaned black bear cubs will have a second shot at life thanks to some TLC at the Alaska Zoo. One of the cubs, a 29-pound male, was found living under a porch in Eagle with an infected bite wound. The other, a 15-pound female, is from Kasilof. She was very underweight, according to zoo executives. […]

  • News

    2 Alaskan women receive Congressional Gold Medal for WWII service

    by Lauren Maxwell on Dec 17, 19:26

    Two Alaskan women share a special honor. Jean White and Jane Soeten were recently awarded a Congressional Gold Medal in Washington, D.C. for their volunteer service in the Civil Air Patrol during World War II. White is 93 years old and has lived in Anchorage for over 50 years. Soeten, 87, moved to Wasilla two years ago. […]

  • News

    200 baby turtles rescued at Anchorage airport

    by Shannon Ballard on Dec 17, 18:24

    The U.S. Fish and Wildlife Service seized more than 200 live, baby turtles that were being smuggled to China for the food and pet trade in September. As the turtles made their way through Ted Stevens Anchorage International Airport in September, officials discovered them packed inside boots, according to the National Mississippi River Museum and Aquarium. As […]

  • News

    Sony cancels Christmas release of ‘The Interview’

    by CNN / AP on Dec 17, 15:59

    WASHINGTON – President Barack Obama says his administration is taking the cyberattack against Sony studios seriously. He says people should “go to the movies.” Sony said Wednesday it was canceling the Dec. 25 release of “The Interview” after many theaters said they would hold off on screening the film. Threats have been made against theaters […]