- Associated Press - Thursday, May 28, 2015

PRESCOTT, Ariz. (AP) - Survivor benefits for the families of three fallen Granite Mountain Hotshots firefighters are adding $2 million to Prescott’s heavy pension liability.

The Prescott Daily Courier reports (https://bit.ly/1JXq8mB) budget and finance director Mark Woodfill said investment earnings will determine how the now-$72 million unfunded pension liability will affect its payback schedule.

The Arizona Public Safety Personnel Retirement System’s Prescott board voted Wednesday to start paying benefits in June to widows Juliann Ashcraft, Amanda Misner and Roxanne Warneke, whose husbands were seasonal firefighters.

Board members also approved retroactive payments starting from June 2013 when the three firefighters died.

The city, already dealing with a $70 million unfunded pension liability, had appealed a local fire board’s decision to pay benefits to families of seasonal employees and lost.


Information from: The Daily Courier, https://www.dcourier.com

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