Let’s let PSPRS wither away
The single best thing that could be done for Arizona cities when federal stimulus money arrives Governor Ducey, would be for the state to pay the next six months of the Public Safety Personnel Retirement System, or PSPRS, payments for any city that requests it.
State retirement fund invests in private prisons that hold large contracts
The Arizona State Retirement System has invested in the country’s largest private prison operators, which also hold state contracts.
Generous retirement plan for politicians and judges may soon end, setting the stage for others to follow
Almost 20 years ago the Arizona auditor general warned that the retirement plan for elected officials and judges was too generous — a member could retire with an income twice as large as an employee with the same salary and years of service in one of the state's other plans.
House approves changes to ASRS system
The House approved a measure that would repeal automatic benefit increases for new state employees, and change benefits for surviving family members of deceased Arizona state employees.
Major pension reform bill passes House
A bill to reform the state's pension systems passed the House today, a major victory for House Speaker Kirk Adams.