Lawmakers see Walker’s potential pension bonds as risky

Governor Bill Walker’s administration wants to borrow money to pay for public workers’ pensions, by selling up to 3.3 billion dollars in what are known as pension obligation bonds. The plan is drawing concern from lawmakers, who say it may be risky.
Randall Hoffbeck, Comm. Dept. of Revenue, governor’s press conference, January 22, 2016. (Photo by Skip Gray/360 North.)Alaska’s government is obligated to pay public workers 6 billion dollars more in future pensions than it h