Quantcast
Don't Miss
Home / Tag Archives: 401(k)

Tag Archives: 401(k)

Feed Subscription

AZ Chamber pushes for overhaul of state-retirement system (access required)

Despite a fairly positive report on the stability of the Arizona State Retirement System (ASRS) earlier this year, a major business group with no direct involvement in the fund is expressing serious concern.

The Arizona Chamber of Commerce and Industry, none of whose member firms has employees enrolled in a public pension plan, is calling for a major overhaul of ASRS to radically change how benefits are calculated for future retirees.

Read More »

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.

Read More »
Scroll To Top