Public Safety Personnel Corrections Officers Elected Officials
 

STATEMENT FROM BRIAN P. TOBIN, CHAIRMAN OF BOARD OF TRUSTEES
PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM

The Board of Trustees for the Public Safety Personnel Retirement System (PSPRS) voted on Friday to place Administrator James M. Hacking on paid administrative leave effective July 16, and negotiate the terms of his termination by July 21.

PSPRS Board Chairman Brian Tobin expressed gratitude to Mr. Hacking for his nine years of service to the State’s public safety retirees as the system Administrator. "PSPRS remains strong and secure even as this change occurs,” Mr. Tobin said. “We have dedicated employees who will continue to work hard protecting the investments of retirees and active members."

As PSPRS adjusts to these changes, we want to thank our dedicated employees and express gratitude to pension recipients for their support. Read More

PERMANENT BENEFIT INCREASES (updated 7/3/2014)
INFORMATION REGARDING THE JULY 2014 PBI PAYMENT TO ELIGIBLE RETIREES

Click Here for the latest PBI Information


INFORMATION REGARDING THE JUNE 2014 RETRO PBI PAYMENTS TO ELIGIBLE MEMBERS
In compliance with the Supreme Court decision regarding permanent benefit increase (PBI) payments, the Public Safety Personnel Retirement System is issuing a retroactive permanent benefit increase payment for its eligible members (those members who retired effectively on or before July 1, 2011). Please read the following notice for details regarding...Read More

For the most up-to-date information, please check this area of the PSPRS website, or listen to the PSPRS voicemail greeting (602-255-5575), as it is frequently updated with time sensitive notices.

 

2013 1099 TAX FORMS!

You can print out a copy of your individual 2013 1099 using our Members Only site. Below is some additional information for people with newer computers or those having trouble viewing the PDF.

IMPORTANT COMMUNICATIONS FROM THE PSPRS ADMINISTRATOR
From Sow’s Ear to Silk Purse:
Transformation of the Arizona Public Safety Personnel Retirement System
By Marc R. Lieberman and Mark Lundin, Ph.D., Benefits Magazine, June 2014
Immediately before the tech bubble burst early in the new millennium, the assets of the Arizona Public Safety Personnel Retirement System (PSPRS) were laregly managed in-house. With the concurrence of the system's board and single outside consultant, staff had allocated 70% of the system's $5.6 billion portfolio to domestic stocks, many of which were concentrated in the technology sector.
When the market for these equities crashed, the system lost more than $1.6 billion in asset value over 24 months - Far more than the system would have suffered had its portfolio been highly diversified.
Over the next 12 years, system executives and staff struggled mightily to learn from their mistakes and ensure such concentration never happened again. Today, the system has one of the best risk-adjusted portfolios in the nation. If the financial market downturn that so adversely affected the system in 2002 were to occur today, we estimate the system would lose 5.5% instead of the 21.1% loss it suffered from that event.
This is the story of how the system turned a sow's ear into a silk purse... Read More

Retirement system steadily climbing back to financial health
As the chairman of the Public Safety Personnel Retirement System’s Board of Trustees — and as a Phoenix firefighter since 1983 — I’ve watched closely for years as politicians and pundits have “debated” the health of PSPRS and the state’s public worker retirement... Read More

Original Article: http://azcapitoltimes.com/news/2014/03/07/retirement-system-steadily-climbing-back-to-financial-health/

Report to the Membership on the Relationship of PSPRS and Desert Troon Companies (DTC) and Related Matters
Over the last year, many articles have been written about the Arizona PSPRS Trust ("PSPRS"), as well as one of our investment partners, Desert Troon Companies, L.L.C. ("DTC").,... Read More

A Statement Regarding the PSPRS Chief Investment Officer
Our CIO, Mr. Ryan Parham, was hired as PSPRS' Chief Investment Strategist on September 16, 2004. He was promoted to... Read More

Fields Case News Release (SB1609 PBI Changes ruled unconstitutional)
The Public Safety Personnel Retirement System’s (PSPRS) Board is disappointed by the Arizona Supreme Court’s decision to hold the Permanent Benefit Increase (PBI) changes made by Senate Bill 1609 unconstitutional... Read More

Click here for more statements regarding recent events from the PSPRS administration

 

THE NEW PSPRS WEBSITE SERVICES

THE MEMBERS ONLY WEBSITE

CLICK HERE

THE EMPLOYER PAYROLL WEBSITE

CLICK HERE

THE LOCAL BOARD WEBSITE

CLICK HERE

NOTICE TO INTERNET EXPLORER 11 USERS

It has been brought to our attention that issues related to the newly rolled out Internet Explorer 11 have caused problems for members attempting to view their Members Only site information as well as some of our employers attempting to access the payroll site.  The links below will better explain the problem and provide an easy fix.

CHANGE MY INFORMATION (also available in Members Only)

A NOTICE REGARDING RETIREE INSURANCE AND THE PATIENT PROTECTION AND AFFORDABLE CARE ACT
THE AFFORDABLE CARE ACT 2014 OPEN ENROLLMENT
2013 ACTUARIAL REPORTS (UPDATED FOR 2013!!!)

The 2013 Actuarial reports by Employer are now available on our public website: www.psprs.com. You may access, print, and/or share the information with your board members by following the links below.  The consolidated PLAN reports (Public Safety, EORP, and CORP) are also available, as well as the 2013 Summary Financial Report.

THE 2013 ANNUAL REPORTS ARE NOW AVAILABLE!!!
PSPRS, CORP, and EORP FINANCIAL STATUS UPDATE (PRESENTATION AND WEBINAR HOSTED BY JAMES HACKING, PSPRS ADMINISTRATOR)
***INFORMATION REGARDING THE 2011 AUDITOR GENERAL'S REVIEW OF THE PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM***
***LEGAL / LEGISLATIVE UPDATES***
(NEW!!) THE 2014 Proposed PSPRS Legislation is now available CLICK HERE

PSPRS Board of Trustees Opinion regarding DROP and Disability Retirements CLICK HERE

BOARD OF TRUSTEE MEETINGS!

Pursuant to A.R.S. § 38-431.02, the Public Safety Personnel Retirement System hereby states that all notices of the meetings of the Public Safety Personnel Retirement System and any of its committees and subcommittees will be posted on the front door of the administrative offices of the Public Safety Personnel Retirement System, located at 3010 East Camelback Road, Suite 200, Phoenix, Arizona  85016, and on the website of the Public Safety Personnel Retirement System (www.psprs.com), 24 hours in advance of such meeting, or with such notice as otherwise required by law. After posting, such notices can be viewed 24 hours a day, 7 days a week.  Such notices will indicate the date, time, and place of the meeting and will include an agenda, or information concerning the manner in which the public may obtain an agenda, for the meeting. 

Meeting Information can be found by clicking on the Board of Trustees Option of the left hand side of this page or by clicking this link:

CLICK TO ENTER

Thank you for visiting PSPRS Online.

 

3010 E Camelback Rd,Ste 200
Phoenix, Arizona 85016
Phone: (602) 255-5575
(877) 925-5575
Fax: (602) 255-5572