Required Retirement Plans
PERS (Staff)
Public Employees Retirement System (PERS)
- State of Alaska Plan
- PERS Defined Benefits (Tiers I, II, III)
- PERS Defined Contribution (Tier IV)
TRS (Faculty)
Teachers Retirement System (TRS)
- State of Alaska Plan
- TRS Defined Benefit (Tiers I, II)
- TRS Defined Contribution (Tier III)
ORP (Faculty / Staff)
Optional Retirement Plan (ORP)
- University of Alaska Plan
- Defined Contribution only
- Faculty and executives only (with rare exceptions for returning employees)
University of Alaska Pension Plan (Faculty / Staff)
- University of Alaska Plan
- University only contributions
- Returning employees may not be eligible
Voluntary Retirement Plans
Voluntary 403(b)
Two accounts offered
- Roth (post-tax)
- Tax-deferred (pre-tax)
- Employee only contributions
Deferred Compensation Plan - 457(b)
Officers and Senior Administrators only.
Social Security & Medicare
University of Alaska withdrew from Social Security in 1982.
Insurance Plans
Basic Life Insurance
Benefit-eligible employees are automatically enrolled in $100,000.
Supplemental Life Insurance
Three coverage options offered by Securian
- Employee
- Spouse/Financially Interdependent Partner (FIP)
- Child(ren)
Accidental Death and Dismemberment
Two coverage options offered by Securian
- Employee only
- Employee and family
Corestream
Discounts on coverages including
- Accident insurance, hospital indemnity, critical illness
- Identity theft and legal assistance
- Pet insurance
Financial Health News
July 16, 2024
Exciting enhancements are coming soon to the Alaska 529 education savings plan!
July 16, 2024
Join TIAA's live webinars during the month of July. Access can be found on TIAA's webinar website. These TIAA trainings are open to any employee - not just TIAA members.
Bank of America Health Savings Account (HSA) Webinars
July 16, 2024
Join Bank of America at the following webinars to discover more about your Health Savings Account (HSA) and how it can work for you!