Didn’t I tell you the editorial board of the Arizona Republic will have a sad over this ruling? Arizona Supreme Court smacks down Arizona’s lawless legislature, again: “State lawmakers cannot balance the budget by limiting pension benefit increases for retired judges, the Arizona Supreme Court ruled Thursday.”
Sure ‘nuf, here is the “editorial board” of the Arizona Republic arguing in favor of wage theft from retirees — keep in mind this is deferred compensation that these employees bargained for in good faith and have earned by performing their end of the bargain. They are entitled to receive payment in exchange for their performance. Reform pensions or lose them:
The Arizona Supreme Court just handed an enormous past-due bill to taxpayers.
The state Legislature’s attempt in 2011 to rein in the costs of poorly performing pension plans is unconstitutional, according to the justices. The Arizona constitution forbids reducing public-pension benefits, which effectively means that no matter how high the costs go, taxpayers simply will have to find a way to pay them.