Health Care
Major Medical, or Catastrophic Insurance plans available: www.aseahealth.org
Retirement Plan
Defined Contribution Retirement Plan (DCR) – IRS 401a plan - Employee contribution 8%, employer contribution 5% (employer portion vests at five years) https://drb.alaska.gov/employee/dcrplan.html
Alaska Supplemental Annuity Plan (SBS) – IRS 401a plan in lieu of social security. Employee contributes 6.125%, employer contributes 6.125%. https://drb.alaska.gov/employee/sbsplan.html
Alaska Deferred Compensation Plan (DCP) – IRS 457 plan: Employee may voluntarily contribute additional funds, no employer match. https://drb.alaska.gov/employee/dcplan.html
Retirement Plan Overview: https://drb.alaska.gov/docs/flyers/EToolkit-DCROverviewFlyer-PERS.pdf
Between the Defined Contribution Retirement Plan and the Supplemental Annuity Plan, new Troopers will see their retirement savings growing at a minimum of 25.25% of their salary each year. Coupled with good asset management, this rapid contribution rate may result in a very robust retirement. The State of Alaska recommends seeking professional advice in the management of retirement funds, and the State of Alaska Division of Retirement and Benefits offers opportunities for retirement planning education, state of the art tools, investment option information and easy account management. For more information, see the Retirement Plan Main Page at: http://doa.alaska.gov/drb/index.html