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Hall and Parker lawsuits
As a result of the Arizona Supreme Court opinion in Hall v. EORP, contribution rates for EORP and PSPRS members hired prior to July 20, 2011, are being lowered and PSPRS is preparing to manage the return of some employee contributions.
In 2016, the Legislature passed Senate Bill 1428, which creates new benefit provisions for Tier 2 PSPRS members (not CORP or EORP) hired between January 1, 2012, and June 30, 2017, and for Tier 3 members who will be hired on or after July 1, 2017.
Newly appointed or elected officials may be required to participate in the Defined Contribution plan (EODCRS).
Four New Pension Bills Signed into Law in 2017
What employers and members need to know about pension reforms for PSPRS, EORP and CORP.
Upcoming Board of Trustees Meeting - May 31, 2017View All
System UpdatesView All
PSPRS wins investment strategy awardMay 17, 2017
Special message for members and employersApril 21, 2017
PSPRS system administrator and fiduciary consultant respond to media claims about pension performance and fees
Hall-Parker employees identified for employersApril 03, 2017
PSPRS posts names of all EORP and PSPRS members who are impacted by the Hall and Parker lawsuits and entitled to lower contribution rates
Board votes to lower Tier 1 employee contribution ratesMarch 30, 2017
Trustees' vote is first step towards return of excess contributions