Arizona PSPRS Pension Has No Shame

Arizona Republic:  Opinions » Article

Ariz. pension fund has no shame

Arizona’s Public Safety Personnel Retirement System’s board approved last week retroactive pay raises and an inflation adjustment for some investment staff members.

Government entities are making large contributions, and retirees had their cost-of-living raises suspended. The fund has done very poorly for several years. On the other hand, even the Arizona State Retirement System, which pays its staff less, has done a much better job. How does this kind of thing keep going on?

Have they no shame?

— Barb Montgomery, Phoenix

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