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Author Archives: Gary Grado

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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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State appeals court ruling on education funding (access required)

State appeals court ruling on education funding <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/12/lock1.png" border=0/></span>

The Attorney General’s Office is asking the Arizona Supreme Court to overturn a lower court ruling that said lawmakers violated the will of voters three years ago when they failed to increase education funding to match inflation. The state filed the appeal and argued that the Arizona Court of Appeals erred in its Jan. 15 decision in which it found that the 1998 Voter Protection Act allows voters to bind future Legislatures to take specific actions.

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