Letter: Why is Ariz. in financial trouble? - Ahwatukee Foothills News: Letters To The Editor

Letter: Why is Ariz. in financial trouble?

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Posted: Wednesday, June 12, 2013 8:54 am

With all the recent hoopla about public employee pensions in Arizona being in trouble financially, and talks of major cuts to many, why aren’t those who were responsible for investing the money being held accountable?

I receive a pension from the New York State Teachers’ Retirement System. Even with the downward economy of the last six years, their 25-year return of 8.5 percent per year exceeded their projection of 8 percent (http://nystrs.org/main/headlines/2012CAFR.htm).

The real question, that nobody seems to ask is, if they were able to do that in New York (and possibly in other states), why not in Arizona?

Fred Barlam

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