02/09/2026 09:00 AM Senate FINANCE

Alaska Senate Finance Committee · February 9, 2026

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Call to order and agenda

Presentation

6:06 → 8:06(2m 0s)

Chair Stedman called the Senate Finance Committee to order, listed members present (Hoffman, Olson, Gilles, Merrick, Kaufman, Kronk, Stedman) and announced the agenda: updates on the Public Employees Retirement System (PERS) and Teachers' Retirement System (TERS); presenters introduced: Christopher Novell (Chief Financial Officer, Division of Retirement and Benefits), Melinda (Mindy) Voigt (Chief Pension Officer), Chris Murray (Acting Chief Health Administrator) and actuary David Kirschner (Gallagher).

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Senate Finance Committee heard presentations from the Division of Retirement and Benefits on the funding status of the Public Employees Retirement System (PERS) and Teachers' Retirement System (TERS), projections and amortization scenarios to reach full funding by 2039, and a report on the November 2024 eReporting outage and subsequent make‑whole payments.

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Transcript

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