Retirement

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
  Planning your retirement?
Review the offboarding webpage
 
 
 


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
  MASA Air and Ground Ambulance
Benefit-eligible employees can enroll in MASA to provide supplemental air and ground ambulance protection for themselves or for their family.
 
 
 

 

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