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Is privatization the answer? (access required)

While the governor proposed eliminating the Department of Juvenile Corrections as a way to save money, one private company has said it could operate the program for slightly more than half of the agency’s fiscal 2009 budget.

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ASRS director says fund solid, Legislature can’t touch it

Even with a mind-numbing return on investment of minus 18 percent and a report suggesting that the Arizona State Retirement System is woefully underfunded, retirees and current employees banking on a stable pension check need not worry.

So says Paul Matson, ASRS director, who notes that the retirement system is sitting on a whopping $25.5 billion pot of money.

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