PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM
Contribution rates and benefits upon hiring for Tier 3 members.
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Tier 3 Members |
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Membership date |
On or after July 1, 2017 |
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Plan Type |
Defined Benefit (DB) or “hybrid” DB and Defined Contribution (DC) 401(a), depending on Social Security status of employer |
Defined Contribution (DC) 401(a) |
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Employee Contribution Rate |
DB: 50/50 split with ER* Hybrid: DB (8.89%*) + DC (3%) = 11.89% |
DC only: 9% + Disability + Health Care Subsidy (if opted in) |
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Wage Index |
Pensionable income limit of $140,952 per A.R.S. §38-843.04; set every three years |
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Average Monthly Salary determined by |
Highest 5 consecutive years within the last 15 years of credited service** |
Not Applicable |
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Disability Benefits*** |
All types of disability (Accidental, Catastrophic, Ordinary and Temporary) |
Disability benefits are limited to workplace related injuries (Accidental, Catastrophic and Temporary) |
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Line of Duty Death*** |
Survivor benefits paid to eligible spouse and/or eligible children. Contribution balances paid to beneficiaries on file if members do not have eligible spouse or children |
Survivor benefits paid to eligible spouse and/or eligible children. Actuarially offset by balance of member DC account. Absent eligible spouse or children, beneficiaries receive balance of the DC account |
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Pre-Retirement Survivor Benefits |
Survivor benefits paid to eligible spouses and/or eligible children. Contribution balances paid to beneficiaries on file if members do not have eligible spouse or children |
Survivor benefits limited to line of duty deaths. Benefits for DC-only members and survivors are offset by the balance of member DC account |
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Cancer Insurance Program |
The PSPRS Cancer Insurance Program provides active and eligible retired firefighters and peace officers with payments for cancer diagnoses and reimbursements for treatment-related expenses |
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*Tier 3 public safety member contribution rates vary according to whether employers participate in the risk pooled plan or have an independent plan with PSPRS. View current Tier 3 member contribution rates.
**Credited service includes employment periods in which the member and employer are contributing to the plan, and any transferred or purchased credited service from other retirement plans. Periods of unpaid leave are not considered credited service and are not counted towards normal retirement benefits.
***During a member’s 90-day election period they may be entitled to work-related injury or death benefits only.
Keeping track of pension contributions and 401(a) DC plan balances
Tier 3 members can check their pension contribution balances at any time during their careers by accessing their Members Only account or by calling (602) 255-5575 or emailing [email protected].
PSPRS members and retirees can check their 401(a) defined contribution balances through their account or by contacting Nationwide Retirement Services by calling 1-855-297-8228 or emailing [email protected] for assistance.
Please note that all PSPRS members and retirees can use defined contribution plans available under state law and through Nationwide Retirement Services. These accounts include a 401(a) supplemental plan and a 457 plan. Members can contact their employers for assistance.