Arizona Proposition 100, Public Retirement Systems Amendment (1998)
| Arizona Proposition 100 | |
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| Election date |
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| Topic Administration of government |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Arizona Proposition 100 was on the ballot as a legislatively referred constitutional amendment in Arizona on November 3, 1998. It was approved.
A "yes" vote supported establishing specific rules for the administration of contribution and investment earnings in public retirement systems, such as classifying assets of public retirement systems as independent trust funds, requiring assets to be managed solely in the interest of members and beneficiaries, using generally accepted actuarial methods and assumptions, and declaring that public retirement system benefits shall not be decreased or impaired. |
A "no" vote opposed establishing specific rules for the administration of contribution and investment earnings in public retirement systems, such as classifying assets of public retirement systems as independent trust funds, requiring assets to be managed solely in the interest of members and beneficiaries, using generally accepted actuarial methods and assumptions, and declaring that public retirement system benefits shall not be decreased or impaired. |
Election results
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Arizona Proposition 100 |
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| Result | Votes | Percentage | ||
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570,271 | 61.40% | ||
| No | 358,449 | 38.60% | ||
Text of measure
Ballot title
The ballot title for Proposition 100 was as follows:
| “ | PROPOSING AN AMENDMENT TO THE CONSTITUTION OF ARIZONA; AMENDING THE CONSTITUTION OF ARIZONA BY ADDING ARTICLE XXIX; RELATING TO PUBLIC RETIREMENT SYSTEMS. | ” |
Ballot summary
The ballot summary for this measure was:
| “ | AMENDING ARIZONA CONSTITUTION TO ADD RULES FOR PUBLIC RETIREMENT SYSTEMS, INCLUDING: GENERALLY ACCEPTED ACTUARIAL METHODS AND ASSUMPTIONS SHALL BE USED TO FUND SYSTEM; ASSETS ARE INDEPENDENT TRUST FUNDS; FUNDS ADMINISTRERED SOLELY IN INTERESTS OF MEMBERS/BENEFICIARIES; CONTRACTUAL RELATIONSHIP CANNOT BE HURT BY LAW; BENEFITS SHAL NOT BE DECREASED OR IMPAIRED. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Arizona Constitution
A simple majority vote was needed in each chamber of the Arizona State Legislature to refer the constitutional amendment to the ballot for voter consideration.
See also
External links
Footnotes
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State of Arizona Phoenix (capital) |
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