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Legislative inaction could lead to bankruptcy for small cities
The Public Safety Personnel Retirement System (PSPRS) is on track to bankrupt Bisbee and Prescott and adversely affect larger cities. Obligatory payments to PSPRS have drained money from cities’ budgets resulting in reductions in basic services such as police and fire protection, garbage collection, and wastewater treatment.
High police and fire pension rates send lawmakers scrambling
A group of Arizona House lawmakers is launching an effort aimed at cutting the soaring costs to communities of police and fire pensions, with its leader warning that cities could end up declaring bankruptcy if legislators fail to act.
Lawmakers, public safety groups ponder pension reform future
An Arizona Supreme Court ruling that struck down a 2011 pension reform law as unconstitutional is leading lawmakers and public safety employee groups to consider new possibilities.
