Health Care

Major Medical, or Catastrophic Insurance plans available: http://pseahealth.org/servlet/content/medical_highlights.html

Retirement Plan

Defined Contribution Retirement Plan (DCR) – IRS 401a plan - Employee contribution 8%, employer contribution 5% (employer portion vests at five years) http://doa.alaska.gov/drb/pdf/dcrp/2015_DCR_handbook_WEB.pdf

Alaska Supplemental Annuity Plan (SBS) – IRS 401a plan in lieu of social security. Employee contributes 6.125%, employer contributes 6.125%. http://doa.alaska.gov/drb/pdf/sbs_ap/2014sbsPlanBooklet.pdf

Alaska Deferred Compensation Plan (DCP) – IRS 457 plan: Employee may voluntarily contribute additional funds, no employer match. http://doa.alaska.gov/drb/pdf/dcp/2011DcpPlanInfoBooklet.pdf

Retirement Plan Overview: http://doa.alaska.gov/drb/pdf/DisplayCharts/DCR-PERS-SBS-DCP-chart.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