by Richard H Dyer | Apache Junction/Gold Canyon Independent

The City of Apache Junction will pay $2.3 million this fiscal year to maintain its annual required contribution payment for funding police employees retirement.

The City Council this past June voted to approve a policy for Public Safety Personnel Retirement System pension funding.

Some of the objectives of the policy include how the city plans to maintain the stability of its contributions and how and when the city’s funding requirements will be met, Donna Meinerts, the city’s finance director, said at the council’s June work session.

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