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Home / Capitol Insiders / Funding formula of state pension plans in hands of AZ Supreme Court (access required)

Funding formula of state pension plans in hands of AZ Supreme Court (access required)

The Arizona Supreme Court is set to hear arguments June 4 in a case that will determine the financial future of Arizona’s employee pensions. Whatever the Supreme Court decides in Fields v. Elected Officials Retirement Plan will also settle two other lawsuits sparked by SB1609, a 2011 law that overhauled state pensions, and determine whether retirees will continue to receive generous cost-of-living increases.

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Former Arizona Corporation Commissioner Gary Pierce, with bottle, and wife Sherry Pierce, both of whom stand accused in a bribery scheme, leave U.S. District Court in Phoenix after their arraignment on June 7, 2017.

Gary Pierce indictment arises from larger FBI investigation (access required)

Defense attorneys for Pierce and his wife, Sherry, filed a motion saying the government wants the court to order that FBI reports, transcripts and recordings of witness interviews, and financial records and tax records of third parties be protected from the eyes of the public.