As a participant in an elected official position, the benefits that are available to you and which Retirement Path pertains to you vary depending on your Membership Tier.
Membership Tiers
|
Tier 1 Members DB Plan Only |
Tier 2 Members DB Plan Only |
Tier 3 Members DC Plan (EODCRS) Only |
|
Hired into an EORP position before January 1, 2012 |
Hired into an EORP position on/after January 1, 2012 |
Newly appointed or elected on/after January 1, 2014 |
EODCRS Overview
Any newly appointed or elected official on/after January 1, 2014 will be required to pay in to the Elected Officials’ Defined Contribution Retirement System (EODCRS), which is a 401(a) Defined Contribution Plan currently administered by Nationwide Retirement Solutions. Since there may be situations prohibiting this requirement, the Retirement Paths table below outlines those conditions.
If you are required to pay into the EODCRS under Path 3, visit our Forms & Resources webpage for the AZ EODCRS Plan Overview and EODCRS Summary of Plan Provisions for additional information. You will also need to contact your employer to begin making contributions to NRS and will need to complete an EODCRS Nationwide Enrollment Form, also located on our Forms & Resources webpage. It is very important for you keep your beneficiary current with NRS at all times; failure to do so may delay payment to your eligible beneficiary(ies) or estate.
Additionally, during the course of your public service, should you become permanently mentally or physically incapacitated for the purpose of performing your duties as an elected official, you may Apply for a Disability benefit.
For an overview of EODCRS benefits, click here for the EODCRS Summary of Plan Provisions.
Retirement Paths
|
Path 1 (Tier 1 & 2) Elected Officials’ Retirement Plan (EORP) |
If an elected official has an account (active or inactive) with the EORP, then they must pay into their existing EORP account under the defined benefit (DB) plan. See Member Benefits for additional benefit information. |
|
Path 2 (Tier 3) Arizona State Retirement System (ASRS) |
If an elected official does not have an account with EORP (active, inactive or retired), but has an account (active or inactive) with Arizona State Retirement System (ASRS), the elected official may be required to pay into their existing account with ASRS; contact ASRS for more information. |
|
Path 3 (Tier 3) Elected Officials’ Defined Contribution Retirement System (EODCRS) |
This path applies to a newly appointed or elected official who does not have an active, inactive, or retired account with the EORP or ASRS. See Contribution Rates and Path 3 Requirements below for additional information. |
|
Path 4 (Any Tier) Retired from either EORP or ASRS |
If an elected official receives a pension from EORP or ASRS, does not have an active or inactive account with EORP (or ASRS) and does not violate any return-to-work rules with EORP (or ASRS), the employer of the retired member will be required to pay the alternate contribution rate (ACR) to EORP since the retired member is in a position that would have normally been filled with a contributing member. (The ACR contributions are used to fund the legacy costs of the EORP defined benefit plan.) However, if the elected official makes a request through their employer to participate in the Elected Officials’ Defined Contribution Retirement System (EODCRS), this request may be granted and the contribution rates (only) under Path 3 will apply. |
Contribution Rate Table
Effective July 1, 2023 to June 30, 2024 (Fiscal 2023/24)
Download the FY2024 contribution rates for EORP and EODCRS, click here.
|
Paths |
Pre-tax? |
Employee Rates |
Employer Rates Determined by statute |
Submit to |
|
|
Path 1 (Tier 1 & 2) |
EORP Contribution Rates |
Yes |
Tier 1 if hired before July 20, 2011 is 7% Tier 1 if hired on or after July 20, 2011 is 13% Tier 2: 13% |
76.51% |
EORP |
|
Path 2 (Tier 3) |
ASRS – LTD Rates ASRS – Contribution Rates ASRS / EORP – Legacy Rates |
No Yes - |
0.15% 12.14% - Total 12.29% |
0.15% 12.14% 64.37% Total 76.66% |
ASRS ASRS EORP |
|
Path 3 (Tier 3) |
EODCRS - Disability Rates EODCRS - Contribution Rates EODCRS / EORP - Legacy Rate |
No Yes N/A |
0.15% 8.00% - Total 8.15% |
0.15% 6.00% 70.51% Total 76.66% |
EODCRS (EORP) NRS EORP |
|
Path 4 (Any Tier) |
EORP Alternate Contribution Rate (ALT/ACR/LEGACY) |
N/A |
N/A |
58.57% (76.51% - normal cost of 17.94% = 58.57%) |
EORP |
Effective July 1, 2022 to June 30, 2023 (Fiscal 2022/23)
|
Paths |
Pre-tax? |
Employee Rates |
Employer Rates Determined by statute |
Submit to |
|
|
Path 1 (Tier 1 & 2) |
EORP Contribution Rates |
Yes |
Tier 1¹ if hired before July 20, 2011 is 7% Tier 1¹ if hired on or after July 20, 2011 is 13% Tier 2: 13% |
70.42% |
EORP |
|
Path 2 (Tier 3) |
ASRS – LTD Rates ASRS – Contribution Rates ASRS / EORP – Legacy Rates |
No Yes - |
.14% 12.03% - Total 12.17% |
.14% 12.03% 58.39% Total 70.56% |
ASRS ASRS EORP |
|
Path 3 (Tier 3) |
EODCRS - Disability Rates EODCRS - Contribution Rates EODCRS / EORP - Legacy Rate |
No Yes N/A |
0.165% 8.00% - Total 8.165% |
0.165% 6.00% 64.42% Total 70.585% |
EODCRS (EORP) NRS EORP |
|
Path 4 (Any Tier) |
EORP Alternate Contribution Rate (ALT/ACR/LEGACY) |
N/A |
N/A |
48.58% (70.42% - normal cost of 21.84% = 48.58%) |
EORP |
Effective July 1, 2021 to June 30, 2022 (Fiscal 2021/22)
|
Paths |
Pre-tax? |
Employee Rates |
Employer Rates Determined by statute |
Submit to |
|
|
Path 1 (Tier 1 & 2) |
EORP Contribution Rates |
Yes |
Tier 1¹ if hired before July 20, 2011 is 7% Tier 1¹ if hired on or after July 20, 2011 is 13% Tier 2: 13% |
61.43% |
EORP |
|
Path 2 (Tier 3) |
ASRS – LTD Rates ASRS – Contribution Rates ASRS / EORP – Legacy Rates |
No Yes - |
.19% 12.22% - Total 12.41% |
.19% 12.22% 49.21% Total 61.62% |
ASRS ASRS EORP |
|
Path 3 (Tier 3) |
EODCRS - Disability Rates EODCRS - Contribution Rates EODCRS / EORP - Legacy Rate |
No Yes N/A |
0.125% 8.00% - Total 8.125% |
0.125% 6.00% 55.43% Total 61.555% |
EODCRS (EORP) NRS EORP |
|
Path 4 (Any Tier) |
EORP Alternate Contribution Rate (ALT/ACR/LEGACY) |
N/A |
N/A |
41.59% (61.43% - normal cost of 19.84% = 41.59%) |
EORP |
Effective July 1, 2020 to June 30, 2021 (Fiscal 2020/21)
|
Paths |
Pre-tax? |
Employee Rates |
Employer Rates Determined by statute |
Submit to |
|
|
Path 1 (Tier 1 & 2) |
EORP Contribution Rates |
Yes |
Tier 1¹ if hired before July 20, 2011 is 7% Tier 1¹ if hired on or after July 20, 2011 is 13% Tier 2: 13% |
61.43% |
EORP |
|
Path 2 (Tier 3) |
ASRS – LTD Rates ASRS – Contribution Rates ASRS / EORP – Legacy Rates |
No Yes - |
.18% 12.04% - Total 12.22% |
.18% 12.04% 49.39% Total 61.61% |
ASRS ASRS EORP |
|
Path 3 (Tier 3) |
EODCRS - Disability Rates EODCRS - Contribution Rates EODCRS / EORP - Legacy Rate |
No Yes N/A |
0.125% 8.00% - Total 8.125% |
0.125% 6.00% 55.43% Total 61.555% |
EODCRS (EORP) NRS EORP |
|
Path 4 (Any Tier) |
EORP Alternate Contribution Rate (ALT/ACR/LEGACY) |
N/A |
N/A |
39.72% (61.43% - normal cost of 21.71% = 39.72%) |
EORP |
¹EORP Contribution Rate Changes
Approved in the PSPRS Board of Trustees meeting on March 30, 2017, effective with the first pay period on or after April 1, 2017, the contribution rates will revert to 7.0% for the Tier 1 Members. For Tier 1 Members who qualified, the excess contributions, plus interest, have been returned to the employers and will need to be issued back to the employees from the employers. Additionally, Tier 1 Members with a membership date on or after July 20, 2011 and through December 31, 2011, the employee contribution rate will remain based on the Tier 2 Membership since these members became a member after the effective date of the legislation pursuant to SB1609.
Additional Resources
For additional resources, Plan summary, guide books and forms, you may access our Forms & Resources webpage and for the latest news and information, we encourage you to Sign Up for News and Updates. To estimate future benefits, you may Contact Us, or visit our Applying for Benefits webpage for retirement information.
