Public Safety Personnel Corrections Officers Elected Officials
 

ARCHIVE OF RECENT PUBLIC COMMENTS BY THE PSPRS ADMINISTRATION

September 18, 2015

 

AUDITOR GENERAL RELEASES PSPRS PERFORMANCE AUDIT
PHOENIX – The Arizona Auditor General today released their performance audit of the state Public Safety Personnel Retirement System as part of the 10-year sunset review of PSPRS. Read More

September 9, 2015

 

PSPRS FUND REALIZES 4.2 PERCENT GROSS RETURNS
PHOENIX – The state’s Public Safety Personnel Retirement System fund realized a 2015 fiscal year investment return of more than 4 percent, placing the $8.3 billion system among top public pension performers during a year marked by high stock market volatility. Read More

September 1, 2015

 

Permanent Benefit Increase Info for September 2015
The permanent benefit increase (PBI) calculations are based on the reversal of those provisions changed by SB1609 for members retired as of July 1, 2011, which is the class of retirees addressed in the Fields lawsuit. Read More

August 27, 2015

 

PSPRS Veteran Tapped to run $8 Billion Trust
PHOENIX – The state’s Public Safety Personnel Retirement System Board of Trustees appointed Jared Smout to lead the state’s multi-billion dollar trust that invests and provides retirement benefits to public safety employees, corrections officers, judges and elected officials...Read More

January 22, 2014

 

PSPRS Response to AZ Republic January 22nd 2014 Article
You may be aware that recent media reports have once again brought to question PSPRS’s investment and valuation practices. We want to assure you that our fund management and asset valuation practices... Read More

November 24, 2013

 

PSPRS Response to AZ Republic November 23rd Editorial
In response to Arizona Republic’s November 23rd editorial (“Pension investors want big pay? Then give us big results”), I’ve provided rationale and response to issues raised regarding the recent pay.... Read More

November 21, 2013

 

Auditor General Letter - News Release
Arizona’s Public Safety Personnel Retirement System (PSPRS) today responded to the Arizona Auditor General’s report that was requested last summer by the System. After a thorough audit... Read More

November 20, 2013

 

Auditor General Letter - Official PSPRS Response
The Public Safety Personnel Retirement System ("System") is in receipt of your November 13, 2013 report ("Report") responding to the System's July 18, 2013 request for your opinion on the reasonableness... Read More

November 13, 2013

 

Auditor General Letter
In your letter dated July 18, 2013, you asked my Office to answer three questions related to certain investments in real estate assets in which the Public Safety Personnel Retirement System... Read More

November 12, 2013

 

Lawsuit Update - Notice to Members
Anton Orlich was employed as a lead portfolio manager at the System until his resignation, effective June 7, 2013. Following his resignation, the System discovered that Mr. Orlich had transferred various... Read More

September 3, 2013

 

Letter to PSPRS, CORP, and EORP Members about AZ Republic September 2nd Pensions and Investments Article
The September 2nd P&I article relating to the Arizona Public Safety Personnel Retirement System’s (“PSPRS”) real estate values contained a number of errors and created some misimpressions which... Read More

August 31, 2013

 

Letter to PSPRS, CORP, and EORP Members about AZ Republic August 31st Opinion Article
We object to the Arizona Republic’s August 31st “Opinion” article (“Shine a light on pension trust”) that unfavorably compared the Public Safety Personnel Retirement System’s (PSPRS) financial condition... Read More

Updated Regularly

 

Lawsuit Cost Summary - March 2013 to January 2014
The costs for the various Public Records Requests have been broken down in two areas, vendors (outside the agency) and employees (within the agency).... Read More

August 28, 2013

 

Letter to PSPRS, CORP, and EORP Members about AZ Republic August 27th News Story
The Arizona Republic’s August 27th “state pension-trust board” story stated that “… senior level employees (had) accused the trust’s management of inflating the values of real-estate assets in fiscal 2012... Read More

August 16, 2013

 

Letter to PSPRS, CORP, and EORP Members about Staff Compensation Programs
Recently there has been some media coverage on how the System compensates our key employees and investment staff. I write today to address the history of our compensation plan and how... Read More

August 8, 2013

 

Letter to PSPRS, CORP, and EORP Members about Recent Media Reports of Valuation Issues
I would like to take this opportunity to address a few issues that have recently been reported in the media discussing certain PSPRS management practices and financial disclosures.... Read More

July 18, 2013

 

Letter to Auditor General About Valuation Issues
I am writing this letter at the direction of the seven member Board of Trustees of the Public Safety Personnel Retirement System ("PSPRS"). PSPRS and its associated retirement plans.... Read More

March 18, 2013

 

Status Report on Pending PSPRS Pension-Reform Litigation
This memorandum summarizes the status of the four pending lawsuits challenging reforms to the Public Safety Personnel Retirement System (PSPRS) plans effected by Senate Bill 1609 in 2011 .... Read More
* For more information about these releases or to inquire about issues not available here, please contact this office at (602) 255-5575

 

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