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House to debate education bill
The Alaska House is scheduled to debate a broad-ranging education bill late Monday, including whether to keep attached to the bill a plan for addressing the teachers' retirement system.
Perhaps the most contentious provision added by lawmakers to the governor's bill relates to the teachers' retirement system.
Gov. Sean 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 puts $1.4 billion toward the teachers' system and another $100 million toward a reserve fund.