PHOENIX - Voters will decide the fate of a proposition to overhaul Phoenix's ailing employee-pension system, potentially saving roughly $600 million over 25 years.
The pension-reform proposal is one of three on Tuesday's special election ballot.
Proposition 201 would reform the city's retirement system for new employees excluding police officers, firefighters and elected officials. The changes would raise the retirement age and require employees to contribute more toward their pensions.
Proposition 202 would allow the city to be more aggressive in how it invests pension funds.
Proposition 300 would allow private security guards to issue civil citations to mass-transit riders. Currently, only police officers and their assistants can cite passengers.
A majority vote is required to approve city propositions.
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