Employer News | March 2018

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In This Issue

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MARCH 2018 | VOLUME #151

Help Us Improve Our Retirement Education!

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The Division of Retirement and Benefits is seeking to improve its retirement education and publications. We're asking you, our participating employers, to take part in a short survey (3 minutes) to help us provide better education options for you to share with your employees. We thank you in advance for your help in this area.

Questions? Contact Roberto Aceveda by email at roberto.aceveda@alaska.gov or call (800) 821-2251.

Fiscal Year 2019 Employer Contribution Rates Available


The Alaska Retirement Management Board (ARMB) has established Fiscal Year 2019 (FY19) employer contribution rates for the PERS/TRS Defined Benefit (DB) and Defined Contribution Retirement (DCR) Plans.

Please refer to the FY19 Employer Contribution Rates on the DRB website for complete information. The link to the PERS and TRS FY19 Employer Rates is under Resources on the Employer Services web page.

For questions about employer contribution rates, please contact Christina Maiquis at (907) 465-1845 or via email at Christina.Maiquis@alaska.gov.

Financial Condition of the Retirement Systems

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Each year, the Alaska Retirement Management Board (ARMB) must report on the financial condition of the state’s retirement systems. Per Alaska Statute 37.10.220(a)(13), this report must be given to the governor, the legislature, and the individual employers participating in the state’s retirement systems.

This letter from the Commissioner of the Department of Revenue, Sheldon Fisher (also a trustee on the ARMB), directs you to the location of audited financial statements, information on performance returns on each system, asset allocations, investment guidelines, policies and procedures, as well as monthly and year-to-date financial reports.

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Office Security and Steps to Keep Your Online Data Safe


The Internal Revenue Service (IRS) is partnering with state tax agencies, the tax industry, and groups across the country to increase awareness of identity theft schemes and cyberthreats. This effort serves to educate employers and employees—especially those in human resources and payroll departments, who are often the first targets.

Cyberthreats are on the rise and employers need to combat this growing problem. Employers are encouraged to utilize cybersecurity methods to protect themselves for potentially severe issues, including data mining for sensitive data like Social Security numbers, birthdays, marital status, and home addresses. Methods that include employee training to identify potential threats (such as “phishing” emails pretending to be from the IRS or state agencies) are beneficial in preventing viruses from attacking your computer or system.

To combat the ever-increasing problem, the IRS outlines eight steps to help in the fight against cyberthreats. Check them out on the IRS website.

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EmCon 2018 Call for Training Topics


2018 is the year for our biennial employer training conference customarily held in Juneau during the month of October.

The DRB would like employer input on training topics employers wish to see presented at the conference.

To review the topics at the 2016 EmCon, click here.

If you have specific areas of interest, please email Kathy Lea, Chief Pension Officer at kathy.lea@alaska.gov

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