Arizona Public Universities Propose New Benefit Plans For Employees

Published: Friday, February 13, 2015 - 5:04pm
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Arizona’s public universities have proposed a plan, under which new employees would not be guaranteed a pension, but would instead have 401K-style plans. The universities also want to create their own health benefit plans. 

The goal would be to save money in those areas, especially in light of the proposed $75 million cut universities take in Governor Ducey’s proposed budget. 

Keith Brainard, Research Director for the National Association of State Retirement Administrators, said different states have different set-ups.

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