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Pension

May 27, 2011

A few ‘bad actors’ cost all police officers, firefighters and teachers big time

State government in Arizona in the past three years has made massive cuts to education, given away our money to big corporations, chose to do nothing about foreclosures and hasn’t created a single job. Arizona’s middle-class families are struggling, and Republicans, who control all of state government, went even further to harm middle-class police officers, firefighters and teachers.

Apr 18, 2011

Major pension reform bill headed to Governor’s Office

The Senate beat the sine die clock on Monday to pass legislation that contains major changes to the state’s pension systems.

The measure, which backers said would head off a collapse of the public pension programs, advanced on a party-line vote, 21-9.

Apr 15, 2011

Major pension reform appears on track to beat final adjournment

Call it the ultimate going-home bill: House Speaker Kirk Adams is making an eleventh-hour push to win support for a series of reforms to the state pension programs before the legislative session ends.

Apr 8, 2011

Shift in ASRS contribution rate poses costly computer problem

Near the end of the process, after months of debate, House and Senate negotiators needed some additional revenue in order to balance the state’s budget.

Mar 23, 2011

Adams and Yarbrough find compromise on rival pension reform bills

A compromise between House Speaker Kirk Adams and Sen. Steve Yarbrough and their respective pension reform plans passed the House Employment and Regulatory Affairs committee meeting this week.

Mar 11, 2011

Government unions should not oppose important reforms

Private-sector unions have a long history in America, and apart from occasional problems involving union violence, mob racketeering, and intimidation by union bosses of rank-and-file workers, they have often served as a legitimate part of the American workplace.

Feb 25, 2011

Pension pickle: Public safety employees hate both bills

As talk of pension reform heats up at the Capitol, organizations representing public safety employees such as police officers and firefighters may have to choose among three unappealing options: a bill they hate, a bill they hate even more and lawsuit they might lose.

Feb 23, 2011

Yarbrough pension reform plan clears committee

The Senate Appropriations Committee on Wednesday passed Sen. Steve Yarbrough’s plan for overhauling pension systems for public safety employees, despite the near-unanimous opposition of the groups that would be affected.

Feb 20, 2011

Pension-reform: Similar destinations, divergent routes

In pursuing pension-reform, Speaker Adams travels a lonely road, and Sen. Yarbrough stops for visits along the way.

Two bills — one still embryonic, one written and ready — represent the common goal of reforming the state’s pension system. They also represent two very different approaches to legislation.

Feb 17, 2011

Attacked and amended, Adams’ pension bill moves forward

An amended pension-reform bill, sponsored by Arizona Speaker of the House Kirk Adams, barely survived a stormy House committee hearing on Thursday.

Feb 8, 2011

Adams will listen, as long as pension reform is ‘real’

House Speaker Kirk Adams said today that he is willing to hear the concerns of unions and other groups that may have concerns about his pension reform bill, as long as they don’t compromise his vision of “real reform.”

Sep 21, 2010

AZ Chamber pushes for overhaul of state-retirement system

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 h[...]

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