About the Pension Reform Task Force
View Recommendations, Reports and News
Meeting Information and Agendas
The Pension Reform Task Force and its members were appointed by the Mayor and City Council in January 2011 to work with management, outside consultants, and other stakeholders to review and recommend changes to the City of Phoenix Employee Retirement System (COPERS). The task force has met several times and will continue to hold meetings until it completes its review and recommendations prior to its scheduled sunset on Dec. 11, 2011.
To date, the task force has reviewed comprehensive information on the pension system, including:
- Prior studies and audits of COPERS
- City Charter investment restrictions
- Annual financial reports
- 2010 Actuarial Valuation Report
- History of changes to the City Charter pertaining to COPERS
- Examples of sick leave and vacation leave impact on pension
- A benefit formula overview
- Monthly and annual benefit payments
- Arizona constitutional provisions pertaining to public pension systems
- Benefit provisions of the Arizona State Retirement System and the Public Safety Personnel Retirement System
- Selected changes to public pension systems from across the country
- Data compiled by the U.S. Department of Labor Employee Benefits Security Administration
Additionally, a pension consulting services vendor, The Segal Company, and a legal consultant, Littler Mendelson, were recently selected to study the city's pension plans and to advise the city on legal issues, respectively.
Information available from the links at left include task force meeting schedules, agendas, recommendations and reports.
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