Alaska PERS administers pension and other benefits for state employees and employees of political subdivisions that have elected to participate. Legislation approved in 2005 transferred responsibility for asset management from the AK State Pension Investment Board to the AK Retirement Management Board. This legislation also closed the TRS and the PERS to new members hired after June 30, 2006. Employees hired after this date participate only in a defined contribution plan.
Alaska Public Employees Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Alaska PERS |
10,816.1 |
51,993 |
| Other Plans |
0 |
0 |
| Total |
10,816.1 |
51,993 |
Source: Public Plans Database (as of 2022)
Note: Alaska Public Employees Retirement System has 0 other plans.
Assets
Assets at Year-End
Alaska Public Employees Retirement System
2001-2022
| Fiscal Year |
Net Assets (billions) |
| 2001 |
5.8 |
| 2002 |
5.3 |
| 2003 |
5.3 |
| 2004 |
5.9 |
| 2005 |
6.1 |
| 2006 |
6.6 |
| 2007 |
7.4 |
| 2008 |
6.9 |
| 2009 |
5.1 |
| 2010 |
5.4 |
| 2011 |
6.3 |
| 2012 |
6.1 |
| 2013 |
6.7 |
| 2014 |
7.7 |
| 2015 |
8.6 |
| 2016 |
8.2 |
| 2017 |
8.9 |
| 2018 |
9.3 |
| 2019 |
9.5 |
| 2020 |
9.5 |
| 2021 |
11.9 |
| 2022 |
10.8 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| Fiscal Year |
Alaska Public Employees Retirement System |
US State and Local Pensions |
| 2001 |
2.0 |
2.4 |
| 2002 |
1.9 |
2.3 |
| 2003 |
1.8 |
2.2 |
| 2004 |
1.7 |
2.1 |
| 2005 |
1.6 |
2.1 |
| 2006 |
1.6 |
2.0 |
| 2007 |
1.4 |
2.0 |
| 2008 |
1.2 |
1.9 |
| 2009 |
1.1 |
1.9 |
| 2010 |
1.0 |
1.8 |
| 2011 |
0.9 |
1.7 |
| 2012 |
0.8 |
1.6 |
| 2013 |
0.7 |
1.5 |
| 2014 |
0.6 |
1.4 |
| 2015 |
0.5 |
1.4 |
| 2016 |
0.5 |
1.4 |
| 2017 |
0.4 |
1.4 |
| 2018 |
0.4 |
1.3 |
| 2019 |
0.3 |
1.3 |
| 2020 |
0.3 |
1.3 |
| 2021 |
0.3 |
1.2 |
| 2022 |
0.2 |
1.2 |
2022 Membership for Alaska Public Employees Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 8,795 |
38,243 |
4,955 |
51,993 |
156 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Alaska Public Employees Retirement System
2001-2022
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-136.3 |
5,796.2 |
| 2002 |
-153.7 |
5,323.8 |
| 2003 |
-172.3 |
5,318.4 |
| 2004 |
-186.0 |
5,880.4 |
| 2005 |
-189.0 |
6,122.1 |
| 2006 |
-158.7 |
6,568.2 |
| 2007 |
-144.2 |
7,439.4 |
| 2008 |
-188.3 |
6,935.8 |
| 2009 |
-173.6 |
5,090.4 |
| 2010 |
-205.1 |
5,391.5 |
| 2011 |
-223.4 |
6,267.9 |
| 2012 |
-151.3 |
6,118.3 |
| 2013 |
-162.5 |
6,694.5 |
| 2014 |
-170.6 |
7,731.4 |
| 2015 |
622.1 |
8,606.9 |
| 2016 |
-329.4 |
8,227.7 |
| 2017 |
-332.6 |
8,943.1 |
| 2018 |
-361.8 |
9,306.7 |
| 2019 |
-357.4 |
9,489.4 |
| 2020 |
-398.5 |
9,469.2 |
| 2021 |
-351.5 |
11,912.3 |
| 2022 |
-391.7 |
10,816.1 |
2022 Cash Flows for Alaska Public Employees Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 579.7 |
971.4 |
-704.4 |
-1,096.2 |
Cash Flow as a Percentage of Assets
Alaska Public Employees Retirement System
2001-2022
| Fiscal Year |
Alaska Public Employees Retirement System |
National Average |
| 2001 |
-2.4 |
-2.1 |
| 2002 |
-2.9 |
-2.4 |
| 2003 |
-3.2 |
-2.6 |
| 2004 |
-3.2 |
-2.0 |
| 2005 |
-3.1 |
-2.2 |
| 2006 |
-2.4 |
-2.2 |
| 2007 |
-1.9 |
-2.1 |
| 2008 |
-2.7 |
-2.3 |
| 2009 |
-3.4 |
-3.1 |
| 2010 |
-3.8 |
-3.2 |
| 2011 |
-3.6 |
-3.1 |
| 2012 |
-2.5 |
-3.3 |
| 2013 |
-2.4 |
-3.1 |
| 2014 |
-2.2 |
-2.9 |
| 2015 |
7.2 |
-2.8 |
| 2016 |
-4.0 |
-3.0 |
| 2017 |
-3.7 |
-2.9 |
| 2018 |
-3.9 |
-2.6 |
| 2019 |
-3.8 |
-2.6 |
| 2020 |
-4.2 |
-2.4 |
| 2021 |
-3.0 |
-2.1 |
| 2022 |
-3.6 |
-2.1 |
