Study: Arizona's State Pension System Is On Track

Feb. 5, 2014

(Photo courtesy of the Arizona State Legislature)
Rep. John Kavanagh talked about what is holding up the passing of the budget.

Concerns about local and state pension systems has been a national issue. The city of Phoenix recently had conflict among its councilmembers about what should be done to keep the system solvent.
A new study by the nonpartisan Grand Canyon Institute said Arizona’s state pension system is on solid ground. The study is called “Arizona’s Pensions: On Track to Financial Sustainability With Retirement Security.” Its author, Dr. Dave Wells, joined me in studio.

State Rep. John Kavanagh, a Republican from Fountain Hills, is calling for some changes to Arizona’s pension system. He joined me from the state Capitol.