Published: January 30th, 2012 11:14 PM
Last Modified: January 30th, 2012 11:15 PM
JUNEAU -- House Speaker Mike Chenault said his initial impression is that $2 billion is probably the "top end" of what lawmakers would put toward Alaska's unfunded pension liabilities. The Senate Finance Committee is looking at $11 billion in unfunded liabilities. Co-chair Bert Stedman recently said he couldn't imagine the committee not dealing with the pension issue with an infusion of equity of greater than $1 billion and less than $4 billion. He wasn't sure if the money would go into the system or a side account.
Legislation has been introduced creating a pension trust reserve fund and transferring $2 billion from savings to it.
Chenault said he doesn't think it's a bad idea to pay down some costs. But he has questions about why the unfunded liabilities continue to mount.
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