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Judge Rules Against Contribution Cap for Arizona Plan
Pensions & Investments 
July 27, 2017 "Judge Timothy J. Thomason of Maricopa County Superior Court in Phoenix ruled Monday in favor of two retired judges and participants in the plan who had filed a lawsuit in 2016 charging that the EORP is not being funded by an annual actuarially determined employer contribution rate as required by the Arizona Constitution. The cap of 23.5% on employer contributions, established by the Arizona Legislature in 2012, should be thrown out, [the court ruled], because it prevents that rate actuarially determined rate from ever being implemented." MORE >> |
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