If the average price drops below $88 per barrel by July 1, the extra K-12 funding will be gone, there will be no more shock absorber, and the state would start to run a deficit.

Source: https://alaskapublic.org/2023/02/21/alaska-state-budget-runs-risk-of-a-deficit-this-spring-as-oil-prices-stay-below-forecasts/

Raising the retirement age will make workers put more money into the system, which the government says is on course to run a deficit.

Source: https://www.abqjournal.com/2582265/macron-uses-special-power-to-enact-pension-bill-without-vote.html