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Competing pension proposals prefiled: Kiehl offers choice model, Giessel advances defined-benefit plan
2208640 · January 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Sen. Jesse Kiehl filed a bill to let state workers choose between a 401(k)-style plan and a pension; Sen. Kathy Giessel filed a bill resembling last session’s defined-benefit pension revival. Both proposals face cost and legislative hurdles.
Two differing pension proposals were among prefiled bills discussed before Gov. Dunleavy’s speech: one from Sen. Jesse Kiehl and another from Sen. Kathy Giessel.
Sen. Jesse Kiehl of Juneau filed a proposal that would allow public employees to choose between a defined-contribution (401(k)-style) plan and a defined-benefit pension…
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