Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
JUNEAU, Alaska, Dec. 3 -- Alaska Department of Labor and Workforce Development issued the following news release:
In accordance with federal law, the Emergency Unemployment Compensation program is ending. The last payable week of EUC is Dec. 28, regardless of any remaining balances. The program will end as scheduled, unless extended by Congress.
The EUC end does not affect those receiving regular state unemployment benefits of up to 26 weeks. The Employment Security Division, which administers the Unemployment Insurance Program, has notified about 6,500 unemployed workers in Alaska who will be affected by the ending of the federal program.
Those affected have been notified about alternative resources for household aid, including contacting the Alaska Department of Health and Social Services for a public assistance eligibility assessment and United Way of Anchorage'sAlaska 2-1-1.
Alaskans affected by the loss of EUC benefits are urged to contact the nearest Job Center for job search assistance, resume building assistance and other employment services to aid in a transition to sustainable employment. The Alaska Job Center networks may be contacted online at Jobs.Alaska.Gov or by calling toll-free 877-724-2539.
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