Each year, PSPRS produces Comprehensive Annual Financial Reports (CAFR). These reports provide detailed information on each plans’ membership, financial statements, investment performance and actuarial data. CAFRs include summary reports, which are a condensed resource that provides key information regarding Arizona’s public safety pension plans. Below are links to the most recent CAFR and archived reports from prior years:
Archived reports from prior year, click here.
Additionally, PSPRS annually publishes actuarial reports written by a contracted, independent and accredited consulting firm. Actuarial reports project the financial liabilities faced by pension systems by analyzing member demographics, retirement and turnover rates, mortality and salary and benefit structures. These calculations are used to determine aggregate and individual employer funding levels and contribution rates for employers. Below are links to the most recent actuarial and archived reports from prior years:
Archived consolidated reports from prior years, click here.
PSPRS and CORP Individual Employer Contribution Rates and Funded Status
To find current and archived employer valuations with contribution rates and funding status, click here.
To view a comparative table of employer funding ratios, click here.
Actuarial Experience Studies
Every five years, PSPRS' actuarial firm analyzes the various actuarial assumptions and determines whether or not they track what actually happened (the plan's "experience") during the past five years. If actual experience differs from the assumptions, or if future experience is expected to deviate from the assumptions, the actuary may recommend a change in the assumptions. The most recent experience studies for each of the plans was published in 2017 and includes data from July 1, 2011 through June 30, 2016.
State Agency Budget Submission
As a state agency, PSPRS is required to submit an annual estimated budget to the State of Arizona and post that submission on its website, even though the agency does not receive any appropriated funds from the state and the state does not approve the agency's administrative budget. The document below is the submission for the current fiscal year. Administrative expenses are expected to equal 14 basis points, or 14/100ths of 1% of assets.
State Agency Budget Submission Fiscal Year 2021
5-Year Strategic Plan Submission Fiscal Year 2021