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Taxpayer giveaway or settlement? Questions on $120,000 bonuses at state pension system

MAY 13, 2019 | by Craig Harris | ARIZONA REPUBLIC

By Craig Harris, includes “A taxpayer watchdog group and a Phoenix attorney who specializes in government settlements are questioning the legality of $120,000 in retroactive bonus payments a state pension fund administrator gave to three executives. … Six years ago, PSPRS came under fire for giving five- and six-figure investment bonuses to staff amid poor investment returns, including some years where the trust lost money. In addition, there were PSPRS staff allegations that financial results on real estate deals had been inflated to trigger the payouts.”

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