A proposition to overhaul Phoenix's ailing employee-pension system, potentially saving roughly $600 million over 25 years, was approved by voters Tuesday.
Nearly 80 percent of voters (69,670) said "yes," versus the 17,774 "no" votes.
The pension-reform proposal was one of three on Tuesday's special election ballot.
Proposition 201 reforms 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.
"Reforming our pension system is the right thing to do, and this vote marks a positive change for the way we do business at City Hall," Phoenix Mayor Greg Stanton said Tuesday night.
"With [Tuesday's] vote, Phoenix residents made a clear choice: accountability and making city government work for its citizens," Stanton said. "It was time to reform our pension system and we got it done. Pension reform will save our city $600 million and create a 50/50 partnership for the city and its employees. It will attract talented workers to deliver the highest quality services and make us competitive for a stronger economic future."
Proposition 202 would allow the city to be more aggressive in how it invests pension funds. It passed with 66,778 "yes" votes to 19,506 "no" votes.
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. It passed with 65,792 "yes" votes to 19,526 "no" votes.
A majority vote is required to approve city propositions.
The next tabulation update will be on Friday and will include additional early ballots and provisional ballots.
Copyright 2013 CBS 5 (KPHO Broadcasting Corporation). All rights reserved. The Associated Press contributed to this report.
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