May 21, 2013

Funding formula of state pension plans in hands of AZ Supreme Court

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 [...]