Departments of Administration and Revenue, Employees' Retirement System, Teachers' Retirement System, and Alaska State Pension Investment Board

Departments of Administration and Revenue, Employees' Retirement System, Teachers' Retirement System, and Alaska State Pension Investment Board
Author: Alaska. Legislature. Division of Legislative Audit
Publisher:
Total Pages: 52
Release: 2005
Genre:
ISBN:

The purpose of this audit was to review and assess the fiscal history of the state-administered Public Employees' Retirement System (PERS) and Teachers' Retirement System (TRS). Both plans currently face significant projected unfunded liabilities. Our primary objective was to review the past decisions made by the PERS board, the TRS board, and the Alaska State Pension Investment Board to assess to what extent, if any, the boards' decisions contributed to the plans' current unfunded liabilities.