Alaska Retirement Management Board, Juneau, is searching for up to three active international equity managers to run a total of up to $822 million.
The board at its June 16 meeting approved the recommendation of investment staff and investment consultant Callan to conduct the search, said Alysia…
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Alaska court grants access for some to shuttered DB plans
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The Alaska Supreme Court ruled former employees and some current employees in the state s closed defined benefit plans are eligible for reinstatement in those plans.
The court s decision found that the state violated the Alaska Constitution when it repealed the statutes of the $22.1 billion Alaska Public Employees Retirement System and $10.4 billion Alaska Teachers Retirement System, allowing for reinstatement in those plans, according to the court s opinion posted on its website.
The systems defined benefit plans consisted of three different tiers of participants until July 2006, when the DB plans were closed and new hires were placed on defined contribution plans.