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Dodging the dreaded ‘doughnut hole’ (access required)

The federal health care plan narrows the Medicare Part D prescription drug-coverage gap, known as the doughnut hole, by providing a rebate of as much as $250 to insured members who are not eligible for the Low Income Subsidy.

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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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