Solid Pension Ratios Lend Comfort, But Concerns Lurk

March 2006
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p29
Trade Publication
The article provides an overview of the fiscal condition of Arizona. Director of the state's Public Safety Personnel Retirement System (PSPRS) Jim Hackling refutes the solid pension ratios of Arizona. The Arizona State Retirement System has registered a funded ratio of 85.3 percent in 2005. According to Hackling, the PSPRS problem involves a decline in its asset value due to severe contraction of the financial markets during 2001 and 2002.


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