PSPRS: Local and Legislative

Issues

Rene GuillenLegislative Director

League of Arizona Cities & Towns

Legislation in the 2014 Session

• HB 2049 – retirement plans; compensation; definition• HB 2056 – retirement; return to work• HB 2058 – public pensions; limit on compensation• HB 2060 – PSPRS oversight; rulemaking; procurement• HB 2090 – defined contribution retirement plans;

option• HB 2203 – ASRS; PSPRS; board membership• HB 2552 – retirement; return to work; restrictions• HCR 2001 – public retirement systems

“Righting the Ship”

• The Blame Game– Federal– State– PSPRS– Employers

• Political Realities – State – Local

• Does it need to be righted?

How do we save PSPRS?• Reform– Contribution Rates– Retirement Age– Years of Service– Pension Benefit Calculation– COLAs– Individual Employer Accounts?

• Should it be saved?• What are the rules?• Setting Expectations