Alaska TRS administers pension and other benefits to certificated public school teachers and other designated employees of school districts, the state university, and the department of education. 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. New workers beginning July 1, 2006 participate only in a defined contribution plan.
Alaska Teachers Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Alaska Teachers |
6,099.5 |
17,878 |
| Other Plans |
0 |
0 |
| Total |
6,099.5 |
17,878 |
Source: Public Plans Database (as of 2023)
Note: Alaska Teachers Retirement System has 0 other plans.
Assets
Assets at Year-End
Alaska Teachers Retirement System
2001-2023
| Fiscal Year |
Net Assets (billions) |
| 2001 |
3.3 |
| 2002 |
3.0 |
| 2003 |
2.9 |
| 2004 |
3.2 |
| 2005 |
3.2 |
| 2006 |
3.4 |
| 2007 |
3.8 |
| 2008 |
3.6 |
| 2009 |
2.6 |
| 2010 |
2.7 |
| 2011 |
3.1 |
| 2012 |
3.0 |
| 2013 |
3.3 |
| 2014 |
3.8 |
| 2015 |
5.2 |
| 2016 |
4.9 |
| 2017 |
5.3 |
| 2018 |
5.5 |
| 2019 |
5.5 |
| 2020 |
5.4 |
| 2021 |
6.7 |
| 2022 |
6.0 |
| 2023 |
6.1 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| Fiscal Year |
Alaska Teachers Retirement System |
US State and Local Pensions |
| 2001 |
1.3 |
2.4 |
| 2002 |
1.2 |
2.3 |
| 2003 |
1.2 |
2.2 |
| 2004 |
1.1 |
2.1 |
| 2005 |
1.1 |
2.1 |
| 2006 |
1.0 |
2.0 |
| 2007 |
0.9 |
2.0 |
| 2008 |
0.9 |
1.9 |
| 2009 |
0.8 |
1.9 |
| 2010 |
0.7 |
1.8 |
| 2011 |
0.7 |
1.7 |
| 2012 |
0.6 |
1.6 |
| 2013 |
0.5 |
1.5 |
| 2014 |
0.5 |
1.4 |
| 2015 |
0.4 |
1.4 |
| 2016 |
0.4 |
1.4 |
| 2017 |
0.4 |
1.4 |
| 2018 |
0.3 |
1.3 |
| 2019 |
0.3 |
1.3 |
| 2020 |
0.3 |
1.3 |
| 2021 |
0.2 |
1.2 |
| 2022 |
0.2 |
1.2 |
| 2023 |
0.2 |
1.2 |
2023 Membership for Alaska Teachers Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 3,023 |
14,126 |
729 |
17,878 |
58 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Alaska Teachers Retirement System
2001-2023
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-123.4 |
3,302.6 |
| 2002 |
-135.3 |
2,983.3 |
| 2003 |
-154.8 |
2,917.5 |
| 2004 |
-160.5 |
3,164.8 |
| 2005 |
-164.7 |
3,239.7 |
| 2006 |
-152.1 |
3,422.9 |
| 2007 |
-153.9 |
3,806.5 |
| 2008 |
-116.4 |
3,550.8 |
| 2009 |
-140.2 |
2,596.4 |
| 2010 |
-148.0 |
2,716.6 |
| 2011 |
-151.3 |
3,123.5 |
| 2012 |
-119.1 |
3,006.6 |
| 2013 |
-101.4 |
3,279.1 |
| 2014 |
-108.0 |
3,771.1 |
| 2015 |
1,323.2 |
5,247.0 |
| 2016 |
-273.5 |
4,942.2 |
| 2017 |
-258.1 |
5,312.3 |
| 2018 |
-272.3 |
5,472.7 |
| 2019 |
-275.8 |
5,511.9 |
| 2020 |
-285.5 |
5,444.8 |
| 2021 |
-308.1 |
6,731.5 |
| 2022 |
-313.1 |
6,026.7 |
| 2023 |
-368.6 |
6,099.5 |
2023 Cash Flows for Alaska Teachers Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 173.0 |
541.6 |
441.5 |
72.9 |
Cash Flow as a Percentage of Assets
Alaska Teachers Retirement System
2001-2023
| Fiscal Year |
Alaska Teachers Retirement System |
National Average |
| 2001 |
-3.7 |
-2.1 |
| 2002 |
-4.5 |
-2.0 |
| 2003 |
-5.3 |
-2.5 |
| 2004 |
-5.1 |
-2.0 |
| 2005 |
-5.1 |
-2.2 |
| 2006 |
-4.4 |
-2.2 |
| 2007 |
-4.0 |
-2.1 |
| 2008 |
-3.3 |
-2.3 |
| 2009 |
-5.4 |
-3.1 |
| 2010 |
-5.4 |
-3.2 |
| 2011 |
-4.8 |
-3.1 |
| 2012 |
-4.0 |
-3.3 |
| 2013 |
-3.1 |
-3.1 |
| 2014 |
-2.9 |
-2.9 |
| 2015 |
25.2 |
-2.8 |
| 2016 |
-5.5 |
-3.0 |
| 2017 |
-4.9 |
-2.9 |
| 2018 |
-5.0 |
-2.6 |
| 2019 |
-5.0 |
-2.6 |
| 2020 |
-5.2 |
-2.4 |
| 2021 |
-4.6 |
-2.1 |
| 2022 |
-5.2 |
-2.1 |
| 2023 |
-6.0 |
-2.2 |
