Alaska Pension Reform Senator Hollis French 1 2 3 4 American - PowerPoint PPT Presentation

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Alaska Pension Reform Senator Hollis French 1 2 3 4 American Pensions First American Pension: August 26, 1776 Continental Congress provided that officers and soldiers who lose a limb shall receive during his life one-half of his

Alaska Pension Reform Senator Hollis French 1
2
3
4
American Pensions • First American Pension: August 26, 1776 • Continental Congress provided that officers and soldiers who lose a limb shall receive during his life one-half of his monthly pay 5
Social Security “We can hardly be happy knowing that throughout this country so many fine citizens who have done all that they could for their young people must end their days divided – for they usually are divided in the poorhouse. Old people love their own things even more than young people do. It means so much to sit in the same old chair you sat in for a great many years, to see the same picture that you always looked at !” – Eleanor Roosevelt 6
Alaska State Constitution Article 12 Sec. 7 “Membership in employee retirement systems of the State or its political subdivisions shall constitute a contractual relationship. Accrued benefits of these systems shall not be diminished or impaired .” 7
PERS Plan Comparison 8
Continued 9
Retiree Membership 10
Benefits 11

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