March 18, 2022
SJR 12, urging congress to repeal the Windfall Elimination Provision and the Government Pension Offset from Social Security, passed the Senate last Friday by a vote of 14-0. The measure is now in the House Labor and Commerce Committee and has attracted several cross-sponsors including Representatives Tarr, Tuck, Foster, Fields, Spohnholz, Hannan, and Hopkins. If workers divide their careers between the private and public sector, they risk being subjected to the WEP and lose as much as $6,000 a year in social security benefits. The GPO cuts widows' or widowers' benefits by as much as two-thirds. Senator Bill Wielechowski (pictured on the right) called the GPO a "relic" of times past.
The House Labor and Commerce Committee, co-chaired by Representatives Zack Fields and Ivy Spohnholz, scheduled a hearing on SJR 12 this Monday, March 21st, at 3:15 p.m. The committee will take public testimony on Wednesday, March 23rd, at 3:15 p.m.
ARMB new members
Alaska Retirement Management Board (ARMB) members serve as trustees of our retirement systems and the health care trusts. Two new members join the board this month. Sandi Ryan, President of the Fairbanks Education Association, and Michael Williams (pictured on the left) were appointed by the Governor from a list of nominees submitted by NEA and the AFL-CIO. Williams, a Revenue Auditor in the Division of Tax, is active within the Supervisory Unit Local 4900 APEA/AFT. Ryan and Williams take the places of Gayle Harbo and Rob Johnson who worked tirelessly to manage the retirement investments wisely during their tenure.