As a participant in PSPRS as a Tier 1, 2 or 3 DB Member, benefits that are available to you vary depending on your Membership Tier:

Increases for Tier 1, 2 and 3 DB Members

Cost of Living Adjustment (COLA) increases for public safety retirees and survivors are determined based on the Consumer Price Index (CPI), published by the U.S. Bureau of Labor Statistics, for the metropolitan Phoenix-Mesa area for the calendar year ending December 31 prior to each July 1 payout.  Contingent on the CPI, up to 2% may be eligible to be paid as a COLA.  For retirees in their first year of retirement, the increase is prorated based on the date of retirement and the table below provides examples of how an increase is calculated for members in their first year.

Example 1: Effective retirement date 7/1/2018

# of months retired: 12

Example 2: Effective retirement date 1/1/2019

# of months retired: 6

Example 3: Effective retirement date 6/1/2019

# of months retired 1

Example 4: Effective retirement date  7/1/2019

Base benefit


Base benefit


Base benefit


Not eligible for the increase this year since the member was not retired prior to the effective date of the increase







Eligible for the full increase

Eligible for 6 months of the increase

Formula: $20 / 12 (months) x 6 (months) = $10.00

Eligible for 1 month of the increase

Formula: $20 / 12 (months) x 1 (month) = $1.67

New base


New base


New base


Please note that if a COLA is granted, it may change the monthly Federal and Arizona state income tax withholding amounts and so members are encouraged to view their Direct Deposit Notices via Members Only, showing the gross, deductions and net check. 

Additional Increase Requirements for Tier 3 DB Members

The increase will be payable after 7 years of retirement, or at age 60, whichever comes first, and will be determined based on the funding level of the PSPRS.

 Funding Level


 70% to < 80% 

1.0% cap 

  80% to < 90% 

1.5% cap

90% or more

2.0% cap

Funding Levels

To help understand the factors and investment methodologies, please view current and prior fiscal year information in the CAFR (Comprehensive Annual Financial Report), or the Actuarial Valuations under Annual Reports.

Additional Services

For additional benefit information, members may access the PSPRS Member Handbook and for personal account information, they may access their account online via Members Only.