During the fiscal crash in 2008 and 2009, the 401A & K retirement accounts (aka Supplemental Benefits System) of every single State of Alaska employee went down...just like it did for private sector pensions. Friends working for the state told me they lost as much as 40% of their acct totals at the time. When the stock market recovered, so did each account. In other words, you don't know what the bleep you're talking about.

I'll help explain to you the Public Employees Retirement System (PERS), which is separate from the 401 accounts, but you need to educate yourself on the basics and clear the falsehoods out of your head first.

Its one thing to criticize that state's retirement system understand it but when you don't is another thing altogether