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Pension reformHB 2745 (NOW: PSPRS; employer contributions) was passed unanimously by the Senate on Wednesday, May 2, and by the House on Thursday, May 3. The bill makes a change to the Alternate Contribution Rate (ACR) requirements of the Public Safety Personnel Retirement System (PSPRS). The change would preclude employers from paying the PSPRS ACR on a PSPRS-eligible position if the retired person was hired before the effective date of last year's pension reform bill, SB 1609 (retirement systems; plans; plan design), and the individual is enrolled in another state retirement system. This change will result in cost savings for some of Arizona's small cities and towns.The bill was additionally amended to add provisions of HB 2088 (ASRS; amendments). These provisions effect various changes to the operation of the Arizona State Retirement System. HB 2088 was previously vetoed by the governor; accordingly, the language added to HB 2745 was modified to address her concerns. The bill has been transmitted to the governor for signature. The League expresses its gratitude to Representatives Justin Pierce (R-Mesa) and Bob Robson (R-Chandler) for their dedicated work on this bill. |
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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. |
