Taxpayer Watchdog Group: YES on Phoenix Proposition 487

By Tom Jenney, President
Americans for Prosperity, Arizona Chapter

YES on City of Phoenix Proposition 487 –– Prop 487 would solve the City’s nearly $1.5 billion unfunded pension liability problem by moving new employees to a plan similar to the 401k plans that are common in the private sector.   Prop 487 would fix the City’s scandalous $190 million pension spiking problem by limiting the excess pension benefits given to current employees.