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Aug 11, 2014
The truth about pension reform for Phoenix
Phoenix’s public employee pension system is currently $1.5 billion in debt and on Nov. 4, voters will decide whether to make significant reforms to erase the debt or stick with the status quo. Opponents of the Phoenix Pension Reform Act claim it will cost taxpayers hundreds of millions of dollars and that similar reforms in other states have been failures. But they’ve got the facts all wrong.
