Trustees rollback prompts partial refunds to some post-July 1, 2017, service purchases; discounted service purchase cost period open until July 1, 2019
Service purchase refunds and discount period underway
Some post-July 2017 buybacks impacted; discounted service purchase cost period opens
Tier 1b members: DROP rollbacks underway
About 1,300 active Tier 1b retirees and members are expected to be affected by the refunds and interest recalculations that PSPRS is working to complete by June 30, 2019.
Mark Steed named PSPRS Chief Investment Officer
Following a national search that produced dozens of candidates who sought to manage the agency’s billion investment portfolio, Steed was promoted.
50th Anniversary of PSPRS
On March 14, 1968, PSPRS and a unified retirement system for first-responders were created with the signing of Senate bills 224 and 211.
Upcoming Board of Trustees Meeting - March 27, 2019View All
System UpdatesView All
Service purchase refunds and discount purchase periodFebruary 21, 2019
Employer contribution rates available onlineDecember 20, 2018
Funding trends positively while individual rates vary; PSPRS board elects to continue current Tier 3 rates.