Anatomy of a local pension proposition

Where: Phoenix AZ

What is the proposition? Prop 106 would require additional annual assessment of all of its pension liabilities

What happens if the pension assessment shows less than 90% funding?

• cap on City budget growth for City programs
• does not apply to budgets for police, fire, first responders, and labor contracts executed before January 1, 2018

Who is opposed? Greater Phoenix Chamber

Greater Phoenix Chamber | Prop 106 would be fiscally irresponsible for the City of Phoenix

AZ Central | Prop. 106 balances Phoenix pension debt on kids and seniors. That’s unfair