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Yavapai County approves $4.5 million payment to address public‑safety pension shortfall after heated debate
Summary
The Board of Supervisors voted 4–1 Jan. 21 to move $4.5 million to make an additional payment to public‑safety retirement plans (PSPRS). One supervisor opposed, saying PSPRS needs more transparency and better management before accepting more funds.
The Yavapai County Board of Supervisors voted 4–1 on Jan. 21 to transfer $4,500,000 from budget capacity into accounts for the county’s public‑safety retirement plans to reduce unfunded liabilities.
County Manager Phil Borden told the board the payment is an "additional payment" on top of annual contributions intended to address unfunded liability in the sheriff/deputies and corrections officers plans. Finance staff later provided figures the board used in deliberations: the sheriff's/deputies plan unfunded liability…
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