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Senator Hollis French comments on Mercer Settlement


ANCHORAGE - June 11, 2020 - This evening Senator Hollis French (D-Anchorage) provided the following statement after receiving word of the Mercer settlement:

"Mercer's mistake resulted in a multi billion dollar unfunded liability in Alaska's public employee retirement system.  Then-Governor Murkowski used that liability as a reason to gut retirement benefits for hardworking Alaskans.

"Today's settlement is gratifying, but it is only the first step towards fixing our problem.  Mercer's mistake resulted in a weak retirement system.  Today we must fix that mistake for our teachers, our firefighters and our police officers, by returning them to a system that provides predictable and secure benefits."


Paid for by Hollis French for Governor 1231 West Northern Lights Blvd. #416 Anchorage, AK 99503

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