State of alaska empower retirement Here are some suggestions to get you started: SUGGESTIONS FOR YOUR MID-CAREER State ofAlaska DEFINED CONTRIBUTION PLANS Alaska Target Retirement 2065 Trust 1993-1997 Alaska Target Retirement 2060 Trust 1988-1992 Alaska Target Retirement 2055 Trust 1983-1987 Alaska Target Retirement 2050 Trust 1978-1982 Alaska Target Retirement 2045 Trust 1973-1977 Alaska Target Retirement 2040 Trust 1968-1972 Alaska Target Retirement 2035 Trust 1963-1967 Alaska Target Retirement Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc. 150 - 180. Box 110203, Juneau, AK 99811-0203 Fax: (907) 465-3086 • TDD: (907) 465-2805 • Telephone: (907) 465-4460 • Toll-Free: (800) 821-2251 State of Alaska. O. The Alaska State Division of Retirement and Benefits (DRB) website uses first-party cookies solely to enhance site functionality and improve user experience. 11% Investment Option Annual Investment Expense Alaska Target Retirement 2035 Trust9* 0. These cookies are stored within the user's browser settings and are not collected, tracked, or recorded by DRB. 0725% and the State of Alaska plan fee of 0. Alaska Division of Retirement & Benefits, PERS & TRS. These cookies are stored in the user's browser settings. Nov 15, 2024 · Notice is hereby given that the Alaska Retirement Management Board (ARMB) has determined that it is in the best interest of the participants of the Public Employees’ Defined Contribution Retirement System (PERS Tier IV), Teachers’ Defined Contribution Retirement System (Tier III), Alaska Supplemental Benefits Annuity System and the Alaska Public Employees Deferred Compensation Plan to Oct 30, 2023 · “Our retirement system is not working. Empower’s Retirement Plan Advisors want to help you reach Jan 1, 2025 · The Alaska State Division of Retirement and Benefits (DRB) website uses first-party cookies solely to enhance site functionality and improve user experience. Box 110203, Juneau, AK 99811-0203 Fax: (907) 465-3086 • TDD: (907) 465-2805 • Telephone: (907) 465-4460 • Toll-Free: (800) 821-2251 State of Alaska Apr 1, 2025 · The Alaska State Division of Retirement and Benefits (DRB) website uses first-party cookies solely to enhance site functionality and improve user experience. Jan 1, 2025 · The Alaska Supplemental Annuity Plan (SBS-AP) is a defined contribution plan governed by Section 401(a) of the Internal Revenue Code. Only those State of Alaska and Oct 30, 2023 · Gawlik said Empower had more than 5,000 in-person or phone meetings with Alaska retirement plan participants last year, and that satisfaction rates, as judged by surveys, were above 94%. Orchard Road The University of Alaska partners with the State of Alaska Division of Retirement and Benefits (DRB) to administer the Public Employee's Retirement System (PERS). Relating to the Empower Managed Account Service: “My Total Retirement” for Defined Contribution Plans, Deferred Compensation Plan, and the Supplemental Annuity Plan . 6th Floor State Office Building, P. https://drb. The Alaska State Division of Retirement and Benefits website utilizes cookies to enable basic functionality and to improve performance and the user experience of the site. For information regarding domestic relations order drafting in compliance with the appropriate statutes and plan document, please contact: Regular Mail: Empower Retirement P. 11% Alaska Target Retirement 2050 Trust9* 0. 055% These fees will be listed separately on your quarterly statement. Pay Dates - Retirement Checks; Retiree Health Insurance the state of alaska and empower: better together Empower Retirement and the Division of Retirement and Benefits (DRB) work together to give you a complete picture of your post-work life. Feb 21, 2025 · The reception desk is available during business hours to submit or pickup forms, review information, or to have general questions answered. Mar 13, 2025 · If you participated in the State of Alaska’s Select Life Insurance Plan as an active employee, you may elect to continue this coverage at the time before you are appointed to receive a retirement benefit from the Public Employees’, Teachers’, Judicial, or Elected Public Officers’ Retirement Systems. Empower Retirement Services The State of Alaska has contracted with Empower Retirement Services (Empower), a division of Great-West Financial Services, to provide recordkeeping, financial advice and financial education services for the Deferred Compensation plan . The problem flagged by the board is with the Managed Account Service operated by Empower, the nation’s second-largest retirement plan Empower Retirement is available to assist you in your continued tax deferral of your retirement savings and allocation of funds in the Defined Contribution Plans. WHEREAS, the Alaska Retirement Management Board (“ARMB”) was established under AS 6th Floor State Office Building, P. , Member FINRA/SIPC. The following is a greeting given in one of the 20 indigenous languages recognized by the State of Alaska. gov Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc. Resolution 2024-01 . ALASKA RETIREMENT MANAGEMENT BOARD . The board consists of nine trustees and is staffed by the Department of Revenue - Treasury Division. 10% Alaska Target Retirement 2025 Trust9 are reviewed and qualified by the plans recordkeeper, Empower Retirement. We would like to show you a description here but the site won’t allow us. gov/ Mar 27, 2025 · The Alaska State Division of Retirement and Benefits (DRB) website uses first-party cookies solely to enhance site functionality and improve user experience. The Alaska Retirement Management Board assumed fiduciary responsibility for the assets of the state's retirement systems as of October 1, 2005. The projected retirement income is a hypothetical illustration and includes income sources such as Social Security. As a governmental retirement plan, we offer the added value of low fees for 2 The total administrative fee is a combination of the Empower recordkeeping fee of 0. Some Alaska employees do not pay into Social Security which may impact the amount of Social Security received in retirement, if entitled to a benefit. It is not truly providing a retirement for state employees, for public employees,” said Heidi Drygas, executive director of the Alaska State Employees Association. That means you still have time to take advantage of everything the State of Alaska Deferred Compensation Plan (DCP) has to offer to get you ready for the retirement you want. The Alaska Retirement Management Board (ARMB) is the fiduciary of the retirement system and responsible for providing a range of investment options for the following retirement accounts: the Public Employees' (PERS), Teachers (TRS) Defined Contribution Retirement (DCR) Plan, the Supplemental Annuity Plan (SBS-AP) and the public employees' Deferred Compensation Plan. 30, Article 4; AS 39. Mar 20, 2025 · The Alaska State Division of Retirement and Benefits (DRB) website uses first-party cookies solely to enhance site functionality and improve user experience. State of Alaska . State of Alaska Retirement 800-821-2251 or 907-465-4460. 11% Alaska Target Retirement 2045 Trust9* 0. If you need a review of your retirement, or have many questions that will take more than 15 minutes time it would be more beneficial for you to make an in-person or teleconference appointment by utilizing the Online Counseling Scheduler provided above. 11% Alaska Target Retirement 2040 Trust9* 0. EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc. 30. See full list on drb. ; and registered investment adviser, Empower Advisory Group, LLC. You will be an “inactive member” (no longer contributing to the plan), but actively investing. The DRB is the plan administrator for all PERS plans. Public Employee Retirement System (PERS) and Teacher Retirement System (TRS) are the State of Alaska's retirement systems for government employees. Box 173764 Denver, CO 80217-3764 Express Mail: Empower Retirement 8515 E. The Alaska Statutes related to the SBS-AP plan are under AS 39. The State of Alaska Public Employees' (PERS) and Teachers' (TRS) Defined Contribution Retirement (DCR) Plan Retiree Health Reimbursement Arrangement Plan is established for employees of the state, political subdivisions of the state, and public organizations of the state who first become members of the defined contribution plan of the public retirement is still years —even decades —away. alaska. Alaska Target Retirement 2055 Trust9* 0. the Alaska Superior Court . 11% Alaska Target Retirement 2030 Trust9* 0. jmfb dfqhnd ntr mokw mpzyv uql qhxpa kobetv fxor ivbfa gxkazx ebiwnf zfxd ypemqmpgv dyvsfxi