January 27, 2017
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.
Stories this photo appears in:
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.
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.