Video: Pension Reform in Alaska, by Sen. Hollis French

The 2014 Council of State Governments Conference was held last month, but video of the presentations has just started to surface.

There were a handful of presentations on public pension topics. One such presentation

focused on pension reform in Alaska. The talk was given by Alaskan Senator Hollis French.

The video description reads:

Shortfalls in state-run retirement systems continue to grow, and in the 2012 fiscal year, the gap between promises to state workers and funding in the accounts reached $915 billion. Unfunded pension obligations can have significant implications for a state’s fiscal stability, including lower credit ratings, increased borrowing costs and the diversion of state resources away from other spending priorities like infrastructure and education.