Topic

MSB Employee Benefit: Retirement FAQ

How do I know which retirement plan I'm in?

• Your retirement plan is based on when you were first hired into a PERS-covered position. If you're not sure, the State of Alaska can help you find out.

• Learn more: https://drb.alaska.gov/help/myplan.html

• Retirement Tier Chart

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How much money will I have when I retire?

• The State of Alaska can help you estimate your retirement benefits and explain how your plan works.

• Schedule a Retirement Counseling appointment: https://drb.alaska.gov/contact/counseling.html

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Do I have medical coverage when I retire?

• You may have access to medical insurance coverage when you retire.

• Learn more: https://drb.alaska.gov/retiree/healthplans.html

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I'm thinking about retiring. What should I do first?

• Visit https://drb.alaska.gov/employee/apply.html

• Meet with an Empower Retirement Counselor and a State of Alaska Benefit Counselor. They can explain your benefits, review your options, and answer any questions you may have.

  • Empower Retirement Counselor: https://akdrb.empower-retirement.com/participant/#/articles/AlaskaWR/meetYourRepresentatives

    • This group can help review how much you have in retirement and explain payout options.

  • State of Alaska Benefit Counselor: https://drb.alaska.gov/contact/counseling.html 

    • This group can help with what medical benefits you qualify for, your options to add dental, vision or hearing coverage and go over if you have access to an HRA.

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Who do I call if I have questions about my retirement or retiree healthcare?

• The State of Alaska Division of Retirement and Benefits (DRB) manages your retirement plan and can answer questions about your account, retirement eligibility, beneficiaries, and more.

• Contact DRB: https://drb.alaska.gov/contact/

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How do I update my beneficiary or personal information?

• Visit Empower to update retirement account beneficiaries here.

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I have questions about my AlaskaCare medical benefits. Who can help?

• If you have questions about your AlaskaCare medical, dental, vision, or prescription benefits, the State of Alaska is the best place to start.

• Learn more about AlaskaCare: https://drb.alaska.gov/alaskacare/

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Why can't the Borough answer questions about my retirement account?

Your retirement and AlaskaCare benefits are managed by the State of Alaska. While the Borough can answer questions about your current employee benefits, only the State has access to your retirement account and can provide retirement estimates or account-specific information.