Pension reform for EORP (and CORP) will appear on the November ballot. The reform mimic those put into place for the Public Safety pension plan in 2016 – a replacement of the permanent benefit increase, or PBI, with a cost-of-living-adjustment (capped at 2 percent) based on annual changes recognized by the U.S. Bureau of Labor’s Consumer Price Index for metro-Phoenix/Mesa.
PSPRS Board of Trustees supports Proposition 125 and has urged voters to pass the referendum. Other supporters include nearly all legislators, the County Supervisors Association, the Arizona Chamber of Commerce & Industry and the Phoenix Chamber of Commerce.