Saving Our Alaska Retirement (SOAR) is an NEA-Alaska committee dedicated to ensuring Alaska educators have access to a secure retirement after their service to our public schools. In 2006, Alaska abandoned its defined benefit retirement system and put in place a defined contribution system. This change has left all public sector workers hired since then without any guaranteed income in retirement. This fact, coupled with the reality that most Alaska educators do not participate in Social Security, has created a perfect storm of financial insecurity.
Since 2006, NEA-Alaska has been advocating for a return to a defined benefit system. Our association has supported legislation and built coalitions with other public sector unions to advance our cause. Unfortunately, these efforts have encountered considerable political pushback and have never come to fruition. The SOAR committee is working to change this.
This group shares critical information regarding Alaska retirement plans, financial services available to NEA-Alaska members, and conducts research and analysis of pertinent financial information which is shared with educators and policymakers. SOAR committee members are appointed by the NEA-Alaska President from each of our 7 Regions as well as At-Large members with valuable experience navigating the complex web of retirement issues.
Please use and share this site to gain insight into our ongoing work, increase our capacity to engage legislators, and join our movement to create real change for Alaska working people.