PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM
2006 PROPOSED LEGISLATION

Legislature Adjourned 6-22-06 @ 12:12 am

Bills enclosed in a border have been passed or failed.
To review a bill in its entirety, please visit the State Legislature’s Website: www.azleg.state.az.us

H2113:            RETIREMENT PLANS; CONTINUATION

Continues CORP, EORP, and PSPRS for ten years through December 31, 2016.

Sponsor:  Rep. McClure

Current Action:          Chapter 125, Laws 2006.

H2336:            COMPENSATION; OFF-DUTY PAY - PSPRS

Definition of “Compensation” was expanded to include off-duty pay if the pay is approved by the employer and transmitted through the employer’s payroll system to PSPRS.  Additionally, the contributions made to PSPRS shall be made only if the employee agrees that both the employer and employee contributions are deducted from the off-duty pay. 

Sponsor: Rep. McClure

Current Action:          2/6 House Public Institutions & Retirement.  Failed 2 - 5.

S1357:             SPECIAL RETIREMENT PLANS; AMORTIZATION

Amends existing language to “beginning July 1, 2005, a rolling period of at least 20 and not more than 30 years amortization is established by the Fund Manager taking into account the recommendation of the actuary.  The employer contribution rate shall not be less 10%.”

Sponsor:          Sen. Huppenthal

Current Action:          Chapter 251, Laws 2006.

S1359: PUBLIC RETIREMENT PLANS; ADMINISTRATIVE AMENDMENTS

Amends a number of existing statutes to include definition of salary, catastrophic disability, killed in the line of duty, same position, transfers, “cherry-picking” and disabilities.

Sponsor:          Sen. Huppenthal

Current Action: Chapter 264, Laws 2006.