EODCRS - Elected Officials Defined Contribution Retirement System

Membership Tiers

Tier 1 Members

Tier 2 Members

New DC Plan (EODCRS)¹

Hired into an EORP position before January 1, 2012

Hired into an EORP position on/after January 1, 2012

Newly appointed or elected on/after January  1, 2014

EODCRS Overview

House Bill 2608 of the 2013 51st Legislature in the First Regular Session and House Bill 2122 of the 2014 51st Legislature in the Second Regular Session requires that any newly appointed or elected official on/after January 1, 2014 will be required to pay in to the Elected Officials’ Defined Contribution Retirement System (EODCRS) Plan, which is a defined contribution (DC) plan that is currently administered by Nationwide Retirement Solutions.  However, there are conditions that may prohibit this requirement, so the Retirement Paths, Contribution Rates and Requirements below define these conditions, as applicable.

Retirement Paths

Path 1

Elected Officials’ Retirement Plan (EORP)

If an elected official has an account (active or inactive) with the EORP, then they must pay into their existing EORP account under the defined benefit (DB) plan.  See Member Benefits for additional benefit information.

Path 2

Arizona State Retirement System (ASRS)

If an elected official does not have an account with EORP (active, inactive or retired), but has an account (active or inactive) with the Arizona State Retirement System (ASRS), the elected official may be required to pay into their existing account with the ASRS; contact the ASRS for more information.

Path 3

Elected Officials’ Defined Contribution Retirement System (EODCRS)

This path applies to a newly appointed or elected official that does not have an active, inactive, or retired account with the EORP or the ASRS. See Contribution Rates and Path 3 Requirements below for additional information.

Path 4

Retired from either EORP or ASRS

If an elected official receives a pension from the EORP or ASRS, does not have an active or inactive account with the other System, and does not violate any return-to-work rules with the EORP, the employer of the retired member will be required to pay the alternate contribution rate (ACR) to the EORP since the retired member is in a position that would have normally been filled with a contributing member. The ACR contributions are used to fund the legacy costs of the EORP defined benefit plan.

Contribution Rate Chart

Effective July 1, 2016 to June 30, 2017 (Fiscal 2016/17)

Paths

Pre-tax?

Employee Rates

Employer Rates

Determined by statute

Submit to

Path 1

EORP Contribution Rates

Yes

13.00%¹

23.50%

EORP

Path 2

ASRS – LTD Rates

ASRS – Contribution Rates

ASRS / EORP – Legacy Rates

No

Yes

-

 .14%

11.35%

-

Total 11.49%

.14%

11.34%

12.16%

Total 23.64%

ASRS

ASRS

EORP

Path 3

EODCRS - Disability Rates

EODCRS - Contribution Rates

EODCRS / EORP - Legacy Rate

No

Yes

N/A

.0125%

8.00%

-

Total 8.125%

.125%

6.00%

17.50%

Total 23.625%

EODCRS (EORP)

NRS

EORP

Path 4

EORP Alternate Contribution Rate (ACR)

 

 

23.50%

EORP

¹EORP Contribution Rate Changes

Approved in the PSPRS Board of Trustees meeting on March 30, 2017, effective with the first pay period on or after April 1, 2017, the contribution rates will revert to 7.0% for the Tier 1 Members; however, Tier 1 Members with a membership date on or after July 20, 2011 and through December 31, 2011, the employee contribution rate will remain based on the Tier 2 Membership since these members became a member after the effective date of the legislation pursuant to SB1609. The excess contributions will be returned to the Tier 1 Members that qualify, but at this time, the System is unable to provide an estimated time frame of when and how that will happen. For the latest information, refer to News & Publications.

Path 3 Requirements

If you are a newly appointed or elected official that does not have an active, inactive, or retired account with the EORP or the ASRS, you are required to pay into the Elected Officials’ Defined Contribution (DC) Retirement System (EODCRS) plan. For an outline of this DC plan currently administered by Nationwide Retirement Solutions, see AZ PSPRS 401a Elected Officials Plan Overview. You will also need to contact your employer to begin making contributing to the plan and will also need to complete an EODCRS Nationwide Participation Agreement

Additionally, during the course of your public service, should you become permanently mentally or physically incapacitated for the purpose of performing your duties as an elected official, you may Apply for a Disability benefit.

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