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Measure Details

Proposing an Amendment to the Constitution of Arizona; Amending Article XXIX, Section 1, Constitution of Arizona; Relating to Public Retirement Systems.

Arizona Ballot Measure - Proposition 125

Election: Nov. 6, 2018 (General)
Outcome: Passed

Categories:
Entitlements and the Safety Net
Executive Branch
Legislative Branch

Yes
1,130,219
(51.72%)

No
1,055,201
(48.28%)

Summary

The Constitutional Amendment and accompanying legislation would permit the state to adjust certain benefits in the corrections officers' and elected officials' retirement systems to alleviate pension underfunding.

A "YES" vote will allow the State to adjust certain benefits for corrections officer retirees and elected official retirees in order to provide greater financial stability in the pension system; plan changes for newly-hired corrections officers include the replacement of the current permanent benefit increase with a cost of living adjustment tied to inflation and transition to a defined contribution system; plan changes for elected official retirees include a guaranteed cost of living adjustment tied to inflation.

A "NO" vote will have the effect of maintaining the current benefit and contribution rules in the Corrections Officer Personnel Retirement System and Elected Officials Personnel Retirement System.

Measure Text

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