SB187 would establish a special fund for an equity infusion. The balance would be used by the Alaska Retirement Management Board in calculating its assets, meaning it would count toward reducing unfunded liabilities, which currently stand at $11 billion.
The bill doesn't include a dollar amount, but committee aide Tim Grussendorf says $2 billion is an option.
The legislative finance director recently testified Alaska could save nearly $5 billion through 2025 with an upfront, $2 billion contribution to the public employees' retirement system, rather than continuing to make increasing direct payments.
Grussendorf says the state could recover the money once the system recovers.
The governor has expressed resistance to the infusion option.
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