The Arizona Free Enterprise Club today released the following statement on the efforts by the Phoenix City Council to address the ongoing pension spiking abuse:
“The council is expected today to try to approve meaningless reforms that do not address the issue of pension spiking,” Executive Director Scot Mussi said. “The Mayor won’t even allow an up or down vote on real anti-spiking reforms being proposed by Councilman Sal DiCiccio, which illustrates their unwillingness to stop the abuse.”
According to the Arizona Republic, pension spiking is costing Phoenix taxpayers over $190 million dollars, a number that will continue to grow as the abuse continues. “Pension costs are out of control, and taxpayers are on the hook,” Mussi said.
In response to the spiking abuse and out of control pension costs, the Arizona Free Enterprise Club has filed an initiative that will implement real pension reform in Phoenix. “If city hall won’t address our escalating pension crisis, it is time Phoenix voters have a say,” Mussi said.
For more information on the Free Enterprise Club’s pension reform initiative, click here for a fact sheet on the measure.