Cities, towns offers new plan for public safety pension

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.

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