Register | Forgot Your Password? | Close

PHOENIX -- The Phoenix employee pension system will get an overhaul.

A special election on Tuesday shows voters are overwhelmingly in favor of it.

Prop 201 raises the retirement age of new employees and requires current employees to put more money toward their pensions. Prop 202 allows the city to be more aggressive when investing pension funds.

"We wanted to do right by the people of the city, save the people a lot of money but also do it in a way that did right by our employees," Mayor Greg Stanton said.

KTAR Newsroom,

share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.

Voice For A Better Arizona

  • Family in Focus

    KTAR spends the week taking a look at the issues a modern Arizona family faces.