Mike Townsend

The rising costs of pension liabilities is the largest financial issue with which local municipalities and counties across the State of Arizona and the nation have to deal. Coconino County is no exception. Over the past several decades, pensions have been impacted by lower-than-expected investment returns, unanticipated impacts from benefit increases and adjusted actuarial assumptions such as life expectancy and population growth. These impacts have created a pension system that is … [Read more...] about Addressing the Public Safety Personnel Retirement System