Key state lawmakers want to rescind last year's hike in the contribution that more than 200,000 Arizona State Retirement System members make toward their pensions, citing fears of losing a lawsuit over the issue.

House Bill 2264 would return to the previous funding system, under which contributions to the ASRS for public-employee retirements were split 50-50 between employees and their employer…

LINK – www.azcentral.com