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County association tells Cochise supervisors state budget choices, legacy pension debt are straining county services
Summary
A County Supervisors Association representative told the Cochise County Board of Supervisors that legacy pension debt, one-time state budget spending and uneven funding for probation and law enforcement are creating fiscal pressure on counties and that the association will press legislators for policy changes.
A representative of the County Supervisors Association told the Cochise County Board of Supervisors that state budget decisions and legacy pension debt are putting sustained pressure on county finances and services.
The association official said counties are focused on “legacy debt” from closed pension plans—what he described as PSPRS tier 1 obligations—and on changes to assumptions and contribution rates that affect employer costs. “The primary pain point that counties have dealt with are on tier 1,” the association representative said. He added counties have contributed “north of a billion dollars to pay down this legacy debt.”
The association representative said some retirement plans differ in legal and financial structure. He described CORP and the elected-officials retirement plan, EORP, as separate legacy liabilities; EORP is pooled and, he said, has not received sustained legislative…
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