New state retirement enrollees watching savings slipping away in global finance slump

Fri, November 14, 2008
Posted in Alaska News, Top Stories

The global financial crisis is bringing new attention to the state’s recently-changed retirement plan. New hires participating in the state’s “defined contribution plan” say they’re forced to put money into the system and are hurt by its recent losses. Funds managed by the Alaska Retirement Board are down about 17% since July.

Weld Royal, KTOO - Juneau

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