- Associated Press - Thursday, May 28, 2015

PHOENIX (AP) - The League of Arizona Cities and Towns has proposed changes to the state pension system for future public safety employees.

The Arizona Republic reports (https://bit.ly/1AvNA8S ) the league presented its plan for a new statewide retirement system in front of the Public Safety Personnel Retirement System board Wednesday.

The league has been working to change the retirement system since 2014, because public safety employees have suffered from rising pension costs.

The plan consists of having employers and employers contribute an equal amount into the trust, establishing a new pension system for employees hired after July 1, 2016, and replacing the pension board with an independent group of experts, among other aspects.

League pension-task-force chairman, Scott McCarty, says it is unfair to ask new employees to enter into the current system.

___

Information from: The Arizona Republic, https://www.azcentral.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide