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Alaska court grants access for some to shuttered DB plans

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The court s decision found that the state violated the Alaska Constitution when it repealed the statutes of the $22.1 billion Alaska Public Employees Retirement System and $10.4 billion Alaska Teachers Retirement System, allowing for reinstatement in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. ....

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Letters to the editor: Cycle funds, foreign aid and caravan park plans at Guisborough

Funding distribution
I READ the D&S article “One town focus on PM’s cycle funding” (D&S Times, Dec 4) about North Yorkshire County Council’s decision to allocate the vast majority of its £2bn funding for walking and cycling in one town with growing incredulity and mounting anger, echoing Cllr Parson’s view this decision is “absolutely appalling “ and “beggars belief on a number of counts.
The decision to go ahead with such a maldistribution of public funds represents blatant inequity and clearly negates the council’s responsibility to ensure parity of infrastructure across all communities in the county. ....

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