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Public Safety Personnel Retirement System

About

AAA

About PSPRS – Supporting Arizona’s Public Safety Personnel

Welcome to the Public Safety Personnel Retirement System (PSPRS), where we are committed to honoring the service of Arizona’s first responders, corrections officers, elected officials and judges.

Established in 1968, PSPRS was founded to provide a unified and equitable retirement program for the state’s firefighters and police officers. Over the years, our mission expanded to encompass the Corrections Officer Retirement Plan (CORP) and the Elected Officials’ Retirement Plan (EORP).

These three plans provide pension benefits to system retirees and survivors. Pensions are funded through member and employer contributions and determined by members’ years of service and salary. These contributions are invested by PSPRS to generate additional revenue.

PSPRS also operates several defined contribution plans that provide money for retirement through contributions and investment returns. Two of these plans, the Elected Officials Defined Contribution Retirement System (EODCRS) and the Public Safety Personnel Defined Contribution Retirement Plan (PSPDCRP), provide the primary retirement system for members.  Two other plans are supplemental in nature and members may make voluntary contributions in addition to their primary retirement system. The agency also manages the Cancer Insurance Program for membership and distributes health insurance subsidies to plan retirees and survivors.  

Our commitment to serving our membership

At PSPRS, we take pride in our commitment to our members and retirees. Our goal is to ensure that the retirement plans are sustainable for our nearly 60,000 active members, retired members, and surviving beneficiaries. We serve more than 300 employers, including state agencies, counties, municipalities, tribal governments and fire districts across the state, and provide support to local boards that assist with administering plan provisions.

Our commitment to sound financial management

The system is governed by a nine-member Board of Trustees, which is entrusted with the fiduciary responsibility to serve its members and best protect the financial health of PSPRS, CORP and EORP.

As part of its role, the Board of Trustees has made securing retirement benefits for members at the lowest possible cost to taxpayers a key priority. Extensive employer education efforts have reduced costly unfunded pension liabilities. Public safety and corrections employers have paid down billions of dollars of unfunded pension debt since the 2020 fiscal year.

Economic impact of PSPRS-managed plan retirees

The economic impact of pension benefits managed by PSPRS is substantial, with the retirement spending of its 24,000 retirees contributing approximately $1.6 billion annually to Arizona’s economy. This finding is a result of a comprehensive analysis conducted by the National Institute of Retirement Security (NIRS).

Managing our members’ money

The task of managing the investment portfolio of PSPRS, CORP, and EORP is carried out by our staff of investment professionals with a diverse background in economics, finance, endowments, mathematics and other fields of study. 

With a current value of almost $22 billion, the trust’s portfolio is designed to produce solid investment returns while reducing the risk of losing value.  Investment strategy and portfolio allocation are determined by analyzing pension liabilities, time horizons, future cash flow and economic conditions. 

PSPRS investment performance and team members are highly regarded by peers and recognized by organizations like the American Investment Council and financial media outlets including Pensions & Investments, Chief Investment Officer and Institutional Investor.

Get involved

We invite our members, employers, local boards, and other stakeholders to explore our website to learn more about PSPRS, CORP, EORP, EODCRS and PSPDCRP. Discover plan-specific information, access online services, and stay informed about our ongoing efforts.

Contact us

If you have any questions or comments, please don’t hesitate to reach out. Your feedback is invaluable in our mission to provide outstanding service to those who protect and govern our state.

Thank you for visiting PSPRS, where we are dedicated to securing your retirement future.