Arizona may get $275M public pension lifeline from voters
Proposition 125 would require the pension plans to use a more traditional cost-of-living adjustment when determining pension benefit levels.
By Amanda Albright and William Green|November 01, 2018 at 11:58 AM
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(Bloomberg) –Voters in Arizona could throw the state another lifeline for two of its underfunded retirement plans.
A measure on the ballot Nov. 6 would save the state $275 million over the next two decades by changing a method that allowed public employee retirees to see big bumps in benefits during years of strong investment returns.
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