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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.
Financial advisers, economists urge calm in face of market volatility
The stock market has been buffeted by historic drops over the last week, but economists and financial advisers in Arizona were telling investors Tuesday that it’s still “too early to be concerned.”
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.
Cities, towns offers new plan for public safety pension
The League of Arizona Cities and Towns has proposed changes to the state pension system for future public safety employees.
U.S. Attorney finding sets stage for PSPRS to fix its finances
The finding by the U.S. Attorney for Arizona that cleared the Public Safety Personnel Retirement System of wrongdoing vindicated employees and beneficiaries and set the stage for the pension system’s next phase: fixing the finances.
Board votes to fire AZ pension system administrator
The Public Safety Personnel Retirement System board voted this afternoon to terminate the employment of system administrator Jim Hacking.
Retirement system steadily climbing back to financial health
As the chairman of the Public Safety Personnel Retirement System’s Board of Trustees — and as a Phoenix firefighter since 1983 — I’ve watched closely for years as politicians and pundits have “debated” the health of PSPRS and the state’s public worker retirement system.
