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Alaska

Alaska has two main public pension systems, the Public Employees’ Retirement System (PERS) and the Teachers’ Retirement System (TRS). Alaska’s Division of Retirement and Benefits (DRB) is responsible for the day-to-day administration of pensioner benefits but the public pension funds are overseen by the Alaska Retirement Management Board (ARMB).

The ARMB represents all eligible public employees and its board consists of 9 members: The commissioner of administration; the commissioner of revenue; 2 trustees who are members of the general public; 1 trustee who is employed as a finance officer for a political subdivision participating in either the PERS or TRS system; 2 trustees who are members of PERS; 2 trustees who are members of TRS.

The “By Asset Manager” and “Asset Manager Voting” tables show the proxy voting records of the state’s asset managers who manage the pensions’ stock market portfolio through index, exchange-traded, or mutual funds. Since these are externally managed funds, the asset managers typically retain and exercise proxy voting privileges. This data is used to calculate the state’s pro-ESG and anti-ESG scores to see how the state leverages its externally managed funds in proxy voting.

The “State Voting” table shows the state’s proxy voting records for directly owned securities through pension fund portfolios. This data was obtained by a Freedom of Information Act (FOIA) request since Alaska does not publicly disclose this information to its pensioners.

Both tables are important to show a comprehensive picture of the state’s proxy voting record.

By Asset Manager

Arrowstreet Funds