PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM
Contribution rates and benefits upon hiring for Tier 1 and Tier 2 members.
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Tier 1 Members |
Tier 2 Members |
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Membership date |
Hired prior to January 1, 2012 |
Hired between January 1, 2012, and June 30, 2017 |
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Plan Type |
Defined benefit (DB) |
Defined benefit (DB) or “hybrid” DB and Defined contribution (DC) 401(a), depending on Social Security status of employer |
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Employee Contribution Rate |
DB: 7.65% |
DB: 7.65% DB (7.65%) + DC (3%) = 10.65% |
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Wage Index |
As set by the Internal Revenue Service |
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Average Monthly Salary determined by |
Highest 3 consecutive years within the last 20 years of credited service* |
Highest 5 consecutive years within the last 20 years of credited service* |
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Disability Benefits |
All types of disability (Accidental, Catastrophic, Ordinary and Temporary) for Tier 1 and 2 members. |
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Cancer Insurance Program |
The PSPRS Cancer Insurance Program provides active and eligible retired firefighters and peace officers payments for cancer diagnoses and reimbursements for treatment-related expenses |
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Line of duty and off-duty member death benefits for survivors |
Survivor benefits are paid to eligible spouses and/or eligible children. Contribution balances are paid to beneficiaries on file if members do not have eligible spouse or children. |
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Keeping track of pension contributions and 401(a) DC plan balances
Tier 1 and 2 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.