PSPRS

It is no secret. The Arizona Public Safety Personnel Retirement System (PSPRS) is in desperate circumstances, just as are so many pension systems across the nation. Overall, Arizona governmental units owe $6.3 billion to the pension fund. The debt continues to grow because of several factors, primarily, poor investment decisions, a much less than expected rate of return on fund investments over many years and a recent court decision (Fields case). A second pending court decision (Hall case) … [Read more...] about Yes, the State’s PSPRS Debt Can Be Solved