We also have that other branch of government involved too. This AP story, Lawmakers work on public safety pension system overhaul plan, by Bob Christie appeared in the November 26, 2015 Arizona Daily Star. It gives tantalizing clues to some of the changes to PSPRS that the Arizona Legislature will be considering in the next legislative session. Among these are:
- Changes to how permanent benefit increases (i.e. COLA's) are calculated
- Income level caps for pension calculations to combat pension spiking
- Having equal contribution rates for employees and employers
I hope everyone has a safe and enjoyable Thanksgiving this year. Next Thanksgiving may find all of us in a very different pension system.