State of Alaska retirement

PERS and TRS are the State of Alaska's retirement systems for government employees.

TRS - the Teachers’ Retirement System - includes a defined benefit plan that is for government employees first hired on or before June 30, 2006 and a hybrid defined contribution plan that has some defined benefit components for employees first hired on or after July 1, 2006.

PERS - the Public Employees’ Retirement System - includes a defined benefit plan that is for government employees first hired on or before June 30, 2006 and a hybrid defined contribution plan that has some defined benefit components for employees first hired on or after July 1, 2006.

Supplemental retirement savings accounts

403(b) and 457(b) plans allow eligible employees opportunities to make pre-tax investments in a variety of mutual funds on one fixed income option. Great-West Retirement Services is the sole bundled services provider for the district's 403(b) and 457(b) plans.