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The city estimates that under the old PSPRS tier, each new firefighter would cost Prescott about $3,900 more in the first year (as compared to the new tier), and about $122,000 to $124,000 more over a 25-year career.

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In comments that a Prescott City Council member termed a “scolding” this week, two Arizona State Legislators questioned the city’s move toward filling police and fire vacancies now, despite expected higher pension costs.

By Cindy Barks January 31, 2017
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Bankruptcy may be among the City of Prescott’s available options for dealing with its public-safety pension shortfall, but City Council members did not appear to warm up to the idea this week.

By Cindy Barks January 31, 2017