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


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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.