As required by 115 AAC 112.810 – Health Reimbursement Plan Rate Computation, the Division must post a fiscal year’s investment gains or losses to member accounts by January 15 of the following year. That means investment gains or losses that occurred during fiscal year 2022 (July 1, 2021 to June 30, 2022) must be posted by January 15, 2023 or sooner.

During fiscal year 2022, the PERS and TRS HRA funds suffered investment losses. Per 115 AAC 112.810(f), The amount of interest applied is not guaranteed and may change upward or downward significantly from year to year … and may be negative so long as the amount results from investment losses.

The Division has posted the fiscal year 2022 investment losses against eligible member HRA account balances. These are the first investment losses posted to member accounts since fiscal year 2009.