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BOARD, APFRS SYSTEM v. MUN. OF ANCHORAGE

Nos. S-11893, S-11922.

144 P.3d 439 (2006)

BOARD OF TRUSTEES, ANCHORAGE POLICE AND FIRE RETIREMENT SYSTEM, Appellant, v. MUNICIPALITY OF ANCHORAGE, Appellee. Municipality of Anchorage, Appellant, v. Board of Trustees, Anchorage Police and Fire Retirement System, Appellee.

Supreme Court of Alaska.

September 29, 2006.

Attorney(s) appearing for the Case

Douglas J. Serdahely, Patton Boggs LLP, Anchorage, and Robert D. Klausner, Klausner & Kaufman, P.A., Plantation, Florida, for Appellant and Appellee Board of Trustees.

James D. Gilmore, Gilmore and Doherty, P.C., Anchorage, for Appellee and Appellant Municipality of Anchorage.

Before: BRYNER, Chief Justice, MATTHEWS, EASTAUGH, FABE, and CARPENETI, Justices.

OPINION

FABE, Justice.

I. INTRODUCTION

In these consolidated appeals, we address the question whether the Municipality of Anchorage is required to compensate the Anchorage Police and Fire Retirement System ("APFRS System" or "System") for any resulting adverse actuarial impact on the System when the Municipality of Anchorage settles a grievance. Under different factual scenarios, this question was litigated before two different...

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