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Alaska National Guard and Naval Militia Retirement System
The Alaska National Guard and Naval Militia Retirement System (NGNMRS) was established in 1972 to provide retirement, disability, and survivor benefits to...
Alaska National Guard and Naval Militia Retirement System
The Alaska National Guard and Naval Militia Retirement System (NGNMRS) was established in 1972 to provide retirement, disability, and survivor benefits to eligible members of the Alaska National Guard and Naval Militia. The system falls under the fiduciary oversight of the Alaska Retirement Management Board, which sets investment policy. The Department of Military and Veterans Affairs serves as the employer entity for the covered members. With an estimated $46 million in assets, NGNMRS is the smallest of Alaska's state pension plans. The system does not directly invest but participates in pooled investment vehicles managed by the Alaska Department of Revenue, Treasury Division. These pools span global equity strategies, including an emerging markets pool, a private equity pool, an alternative equity strategies pool, and a real estate pool that holds mixed-use properties in the United States. The Treasury Division also provides cash management services for the plan. The Alaska Retirement Management Board oversees approximately $40 billion across all state retirement systems, though NGNMRS represents a fraction of that total. The board is chaired by Michael Williams. Through its participation in the broader asset pools, NGNMRS gains exposure to managers such as Legal & General and Man Group, which engage on climate initiatives including Climate Action 100+ and the Net Zero Asset Managers initiative. No separate investment committee or dedicated staff exists for this plan. The system's structural distinction is its extreme asset-to-beneficiary concentration: a tiny pool dedicated to a narrow class of uniformed service members, with no separate investment infrastructure. All allocation, manager selection, and monitoring functions are performed at the Treasury Division and Retirement Board level, making NGNMRS effectively a beneficiary account within the state's larger investment apparatus rather than an independent investing entity.
General information
Firm type
Pension Fund
Year founded
1972
Location
Region
North America
Country
United States
City
Juneau
Corporate office
Juneau, AK, United States
Principals
Michael Williams
Chair, Alaska Retirement Management Board
Sector focus
Frequently asked questions
Who manages the investments for this pension system?
The Alaska Department of Revenue, Treasury Division manages the investment pools in which NGNMRS participates. The Alaska Retirement Management Board, chaired by Michael Williams, provides fiduciary oversight and sets investment policy for the system. No separate investment office or dedicated staff exists for NGNMRS.
What is the relationship between NGNMRS and the Alaska Retirement Management Board?
The Alaska Retirement Management Board is the fiduciary body responsible for overseeing the management and investment of NGNMRS assets. The board supervises all Alaska state retirement systems, which collectively hold approximately $40 billion. NGNMRS is the smallest plan under its purview.
How does NGNMRS invest its assets?
NGNMRS does not directly invest. Its assets are placed in pooled investment vehicles operated by the Alaska Department of Revenue, including a private equity pool, a real estate pool holding US mixed-use properties, an emerging markets equity pool, an alternative equity strategies pool, and other investment pools. Cash management is also handled at the Treasury Division level.
Does the fund invest with any external managers or participate in co-investments?
Through the state-level investment pools, NGNMRS gains exposure to external managers including Legal & General and Man Group. The system does not make direct co-investments or separate fund commitments. All investment activity occurs through the pooled structures managed by the Treasury Division.
What is the size of the retirement system?
NGNMRS has an estimated $46 million in assets, making it the smallest Alaska state pension plan. The plan has not publicly disclosed its precise asset total. By comparison, the Alaska Retirement Management Board oversees roughly $40 billion across all state systems.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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