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Pension reformOn Tuesday, March 6, the House unanimously passed HB 2745 (s/e: PSPRS; employer contributions). The bill changes the Alternate Contribution Rate (ACR) requirements of the Public Safety Personnel Retirement System (PSPRS). The change would preclude an employer from paying the PSPRS ACR on a PSPRS-eligible position if a person hired to fill that position: was hired before the effective date of last year's pension reform bill; previously retired from PSPRS; and is enrolled in another state retirement system. This change will result in cost savings for some of Arizona's small cities and towns. The League supports the bill, which proceeds to the Senate.The House passed HB 2264 (ASRS; employee; employer contributions; rate) by a unanimous 60-0 vote on Monday, March 5. The bill, sponsored by Rep. Bob Robson (R-Chandler), provides for a 50/50 split between employers and employees with respect to contributions to the Arizona State Retirement System (ASRS). The measure effectively repeals the portion of last year's SB 1614 that moved ASRS to a 47/53 split between employers and employees, respectively. |
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Legislative Bulletin is published by the League of Arizona Cities and Towns. Forward your comments or suggestions to league@azleague.org. |
