Taxpayers in the politically volatile surroundings of Arizona have shown interest in a new plan that could radically reform the retirement benefits for the state's elected officials.

According to the Arizona Republic, a new proposal to substitute a 401(k)-style plan for professional politicians and judges might save the public hundreds of millions of dollars.

Two Republican State Representatives are hoping to gain support for the plan, suggesting that the state's existing Elected Officials' Retirement Plan is financially unsustainable.

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