That's ridiculous. I'm in Tier 4,  having brought a private 403b retirement into State service five years ago. Tier 4's 401K is growing much faster than my retirement ever did at my last employer. What's more, my transferred funds are growing at nearly twice what they were under my last employer's program.

Yeah, compared to Tier 1 which was a defined compensation plan that made State of Alaska retirees into millionnaires, Tier 4 is low-rent, but it is on par with 401Ks around the nation and well-invested. Plus, you don't pay the stupid Social Security taxes which are just spent by the government so there's a real possibility that when you retire, the funds won't be available. Instead, your contributions are wisely invested with a growth rate on the principle of about 6% annually -- exactly what every major employer in the country offers (except in private companies, you still have to pay the Social Security taxes)

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