White Mountains: Pension woes haunt county, town budgets

  • Source: White Mountain Independent - Metered Site
  • Published: 02/11/2020 04:43 AM

Many county and town budget planners have sometimes tenuous faith that recent changes have finally fixed the state retirement system for police and firefighters – the Public Safety Personnel Retirement System (PSPRS) — despite continued flareups of bad publicity. The appointment of administrator Michael Townsend has restored the confidence of many town and county administrators, confidence shaken by a multi-billion-dollar shortfall in the retirement system for courts, elected officials, police officers and firefighters. “I think the entire state views it as a positive,” said Apache County Manager Ryan Patterson. “Townsend understands the pension system. He’s highly intelligent. He’s led Coconino County through their problems with their pension – he’s got the experience to be excellent.


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