Goldwater Institute threatens suit over pensions
Published: May 29, 2013 at 10:33 am
The Goldwater Institute is threatening to sue Phoenix over its practice of increasing retiring workers’ pensions by including unused sick leave, vacation and other benefits when calculating the retirement amounts.
Including money from those things increases pension amounts, and the Goldwater Institute says the city is violating a Arizona law that clearly prohibits what it calls “spiking” pensions.
According to The Arizona Republic, a suit filed by the conservative watchdog group likely would seek a court ruling that the practice is illegal.
A spokeswoman for Mayor Greg Stanton says the mayor will seek a meeting between the Goldwater Institute and the city attorney to discuss the issue.
Stanton spokeswoman Sarah Muench says Stanton has not further comment at this time.
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