Sign In
Free Newsletter
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.
Retirement board endorses ‘yes’ vote on Prop 125
Current and former public employees are being informed at state expense that the board that oversees their retirement plan wants people to vote in favor of Proposition 125.
Judge rules pension cap unconstitutional, leaves fix with Legislature
A Maricopa County Superior Court judge ruled July 20 that a state law capping employer contributions rates to retirement funds for judges and elected officials is unconstitutional, and that it’s up to Arizona lawmakers to find a solution.
State wants Supreme Court to revisit pension decision
The motion filed last week by the Elected Officials' Retirement Plan and joined by the state asks the court to overturn its November ruling.
Ducey signs pension reform bills
Gov. Doug Ducey signed two bills aimed at reforming Arizona’s underfunded pension system for law enforcement officers and firefighters. But voters will get the final say.
State Senate panel OKs police and fire pension plan overhaul
Legislation enacting a major overhaul of the state's badly underfunded public safety worker pension plan was unanimously approved Wednesday by a Senate committee and will likely come to a vote Thursday by the full Senate.
Senate seeks speedy pension reform, but House wary
Flanked by Senate President Andy Biggs, local officials and a coalition of various public safety groups, Republican Sen. Debbie Lesko on Tuesday publicly unveiled the much-anticipated legislation to overhaul the Public Safety Personnel Pension System.
Pension reform may be added to special election ballot
Proposition 123 may have some company on the ballot when the May 17 special election comes around.
Firefighters seek pension reform, but compromise elusive
Faced with the prospect of an insolvent retirement system, the Arizona firefighters union has largely embraced a pension reform proposal offered by the Legislature four years ago and have hunkered down to put their own version of that plan into motion.
Canadian hired to lead pension system can’t get work visa
The state’s pension system for police officers, firefighters, judges and politicians has to start over to find a new executive director after the Canadian hired to lead the organization wasn’t able to get a work visa.
The truth about PSPRS investment performance
All too often, fiction and gossip move faster than truth and reason. As such, it is often stated by our detractors that our $8 billion portfolio is the state’s “worst-performing pension plan,” which gives the impression that our investment staff is incompetent and responsible for the trust’s sagging pension funding levels.
