November 16, 2024 5:36 am
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Cities, towns offer proposal to relieve pension tension

L-PensionsBy Craig Harris, The Republic | azcentral.com

The League of Arizona Cities and Towns is calling for major changes to the financially troubled retirement system for first responders because its members have been hard hit by rising public-safety pension costs.

The 91-member league wants a new statewide retirement system for employees hired after July 1, 2016. It wouldn’t change the pension plan for current members and retirees.

The league also wants to replace the seven-member Public Safety Personnel Retirement System board, which has only three private-sector members, with an independent body of “qualified experts with fiduciary responsibility.”

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