Common Contracts
1 similar Settlement Agreement contracts
AlaskaCare Retiree Health Plan Settlement AgreementSettlement Agreement • June 22nd, 2020
The Division of Retirement and Benefits (the Division) is pleased to announce a settlement agreement with the Retired Public Employees of Alaska, Inc. (RPEA) in two lawsuits involving the AlaskaCare Retiree Medical and Dental, Vision, and Audio (DVA) plans. Nothing in the settlement agreement impacts the constitutional protections against diminishment of retiree benefits afforded by the Alaska State Constitution. The terms of the settlement are agreeable to the State, and both parties agree that the terms are more favorable to retirees than the likely outcome had either case continued to trial. Some of the settlement terms fall outside the scope of what RPEA could have achieved at trial, enhance the process the Division uses to consider changes to the health plan, and provide retirees with additional, meaningful opportunities to engage with the Division.
