Arizona: Campaign Group Turns in Pension Initiative Signatures
Looks like voters will get to decide whether the city should scrap its current pension program.
Political consultant Pete Zimmerman emailed The Range today to inform us that the Committee for Sustained Retirement Benefits has turned in more than 23,000 signatures to put the Sustainable Retirement Benefits Act on the November city ballot. The group needed 12,730 valid signatures, so there’s lots of padding there to fight off legal challenges.
The initiative would force the city to scrap the current pension program for new hires and instead enroll them in a program similar to a 401K system.