State retirement systems are underfunded because of p#$s poor management by investment firm Mercer more than anything else dude. That negligence cost the state tens of billions of dollars so the state sued to recover damages. Then Attorney General Dan Sullivan(R) settled the suit for pennies on the dollar when the state had very firm grounds for continuing the court case. How much do you suppose Sullivan the politician has received in campaign contributions from Mercer for sticking it to the state of Alaska?