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Was it constitutional for Proposition 124 to replace PSPRS' permanent benefit increases with a capped 2% COLA?

In this blog I and multiple commenters have broached the subject of the suspect constitutionality of PSPRS' replacement of the old perma...

Friday, December 21, 2012

PSPRS Members: Spend a few minutes reading PSPRS' 2012 Financial Report

The Arizona Public Safety Personnel Retirement System (PSPRS) Consolidated Annual Financial Report (CAFR) for the fiscal year ended June 30, 2012 is now available online.  Readers who are interested can find the report at the referenced link.  There will be more commentary on the report in future posts, but if you read only part of it, read the introductory letters by both the board of trustees and the system administrator starting on page nine of the CAFR.  They give a good idea of the legal and financial challenges facing PSPRS.

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