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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 <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/12/lock1.png" border=0/></span>

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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