Bill on politicians' pensions passes Arizona Senate - WSFA.com Montgomery Alabama news.

Bill on politicians' pensions passes Arizona Senate

PHOENIX (AP) -

A bill replacing pensions for new judges and other elected officials with a 401(k)-style retirement plan has passed the Arizona Senate on the second try.

The bill failed on a 12-12 vote Tuesday but four absent Republicans were in the Senate Wednesday and it passed on a 16-13 vote.

The House already voted for the bill but a second vote is required because of Senate amendments.

If signed into law House Bill 2608 only applies to new elected officials. The Elected Officials Retirement Plan only has assets to cover about 58 percent of its liabilities and has more retirees and their survivors drawing benefits than active members.

Most judges, state legislators, elected officials at the state and county level and some city officials are in the plan.

Copyright 2013 Associated Press.  All rights reserved.

  • NewsMore>>

  • For the first time, Facebook spells out what it forbids

    For the first time, Facebook spells out what it forbids

    Tuesday, April 24 2018 5:46 AM EDT2018-04-24 09:46:09 GMT
    Wednesday, April 25 2018 10:32 AM EDT2018-04-25 14:32:39 GMT
    (AP Photo/Richard Drew, File). FILE - In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square. For the first time, Facebook is making public, on Tuesday, April 24, its detailed gu...(AP Photo/Richard Drew, File). FILE - In this March 29, 2018, file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite in New York's Times Square. For the first time, Facebook is making public, on Tuesday, April 24, its detailed gu...

    For the first time, Facebook spells out how it decides whether to delete your posts.

    More >>

    For the first time, Facebook spells out how it decides whether to delete your posts.

    More >>
  • Lax vetting on Trump nominees begins to frustrate senators

    Lax vetting on Trump nominees begins to frustrate senators

    Wednesday, April 25 2018 12:47 AM EDT2018-04-25 04:47:40 GMT
    Wednesday, April 25 2018 10:30 AM EDT2018-04-25 14:30:01 GMT
    (AP Photo/Alex Brandon). CIA director Mike Pompeo and his wife Susan Pompeo arrive for a State Dinner with French President Emmanuel Macron and President Donald Trump at the White House, Tuesday, April 24, 2018, in Washington.(AP Photo/Alex Brandon). CIA director Mike Pompeo and his wife Susan Pompeo arrive for a State Dinner with French President Emmanuel Macron and President Donald Trump at the White House, Tuesday, April 24, 2018, in Washington.

    As President Donald Trump's pick to lead Veterans Affairs skids to a halt, senators from both parties are voicing frustration that the White House is skipping crucial vetting of nominees and leaving lawmakers to...

    More >>

    As President Donald Trump's pick to lead Veterans Affairs skids to a halt, senators from both parties are voicing frustration that the White House is skipping crucial vetting of nominees and leaving lawmakers to clean up the mess.

    More >>
  • Jury to deliberate after Cosby painted as predator, victim

    Jury to deliberate after Cosby painted as predator, victim

    Wednesday, April 25 2018 12:26 AM EDT2018-04-25 04:26:54 GMT
    Wednesday, April 25 2018 10:29 AM EDT2018-04-25 14:29:48 GMT
    (AP Photo/Matt Slocum). Bill Cosby departs after his sexual assault trial near a cloud of bubbles blown by a protester, Tuesday, April 24, 2018, at the Montgomery County Courthouse in Norristown, Pa.(AP Photo/Matt Slocum). Bill Cosby departs after his sexual assault trial near a cloud of bubbles blown by a protester, Tuesday, April 24, 2018, at the Montgomery County Courthouse in Norristown, Pa.

    Jurors at Bill Cosby's sexual assault retrial are poised to start deliberating after a marathon day of closing arguments.

    More >>

    Jurors at Bill Cosby's sexual assault retrial are poised to start deliberating after a marathon day of closing arguments.

    More >>
Powered by Frankly