Cost of living adjustment (COLA) for July 1, 2024
Tier 1 and 2 public safety, corrections, and elected officials plan retirees and surviving beneficiaries will receive cost of living adjustments to their benefit in July.
Permanent Benefit Increase (PBI) Update
PSPRS is in the process of analyzing investment returns to determine if a PBI will be paid to EORP benefit recipients in 2018. That analysis is expected to be finalized by the beginning of September. If it is determined that an increase can be paid, it will be issued in the September or October payroll, retroactive to […]
Retiree Health Insurance Open Enrollment closes in 1 month!
If you are insured through Arizona State Retirement System (ASRS), or through the Arizona Department of Administration (ADOA), also referred to as ADOA “Benefit Options” or if you are not certain if your coverage is through the ASRS, ADOA/Benefit Options or another PSPRS-employer plan click here for more information regarding open enrollment. Open enrollment ends on […]
Pension Reform Impacting EORP to Appear on November Ballot
Pension reform for EORP (and CORP) will appear on the November ballot. The reform mimic those put into place for the Public Safety pension plan in 2016 – a replacement of the permanent benefit increase, or PBI, with a cost-of-living-adjustment (capped at 2 percent) based on annual changes recognized by the U.S. Bureau of Labor’s […]
EORP Increase for July 1, 2017, plus an Increase Adjustment
On approximately December 22, 2017, all eligible* EORP retirees and survivors with a membership date prior to July 20, 2011 will receive a Permanent Benefit Increase (PBI) of 3.15% retroactive to July 1, 2017 and, if eligible, may also receive a PBI adjustment for fiscal year 2014/15 as a result of litigation decided by the […]
System Upgrade
Due to the pension reform provisions passed by the legislature in 2016 and 2017, the Administrative Office of the PSPRS is in the process of implementing a major software upgrade in the Members Only, Employers and Local Board portals that will enable the System and the employers to handle the new provisions of the laws, as […]
System Upgrade
Due to pension reform provisions passed by the legislature in 2016 and 2017, PSPRS is just finishing up a major software upgrade that will enable staff, employers and local boards to handle the new provisions and provide enhancements to members. Parts of the PSPRS website, including portions of the Members Only portal and Service Purchase Calculator, are being updated […]
Attention employers and local boards
We are proud to present to you the Employers & Local Board section dedicated and designed to assist you with your important roles and responsibilities in PSPRS! We encourage you to familiarize yourself with this section and keep checking back on our website as we will continue to provide you with additional information and training resources.
Increases and Adjustments
In May 2016 Arizona voters passed Proposition 124 which changed the way in which increases are calculated for the members in the Public Safety retirement system – this Proposition did NOT affect members in the CORP or EORP. Increases for CORP will continue to be calculated as indicated in the Increases section and, at this time, […]
Newly appointed elected officials without EORP or ASRS accounts
Any newly appointed elected official that does not have an existing active, inactive or retired account with the EORP or the ASRS must pay into the Elected Officials’ Defined Contribution Retirement System (EODCRS) Plan. For more information, see the EODCRS section.