Fields To Trustees – Serious Breach of Fiduciary Duty
Pensioners First – a public record gem–
The Honorable Ken Fields is apparently making a claim against the PSPRS Board of Trustees’ insurance carrier regarding various breaches of fiduciary duty relating to the Trustees apparent lack of care in defending the Arizona Elected Officials Retirement Plan (EORP).
In addition to a financial settlement to be paid back into the EORP pension system (not to Fields, but to all EORP retirees), Fields is requesting mandatory remedial fiduciary duty training for all Trustees.
Pensioners First agrees with Mr. Fields, but also thinks the Arizona Public Safety Personnel Retirement System’s Board of Trustees has breached its fiduciary duty many times on several different issues!