SB 1086
Initials SJ Page 1 Transmitted
ARIZONA HOUSE OF REPRESENTATIVES
Fifty-fifth Legislature
Second Regular Session
Senate: APPROP DPA 9-0-1-0 | 3
rd
Read 25-2-3-0
House: GE DP 11-2-0-0 | APPROP 9-3-0-1 | 3
rd
Read 51-6-3-0
SB 1086: appropriation; unfunded liability; PSPRS; CORP
Sponsor: Senator Livingston, LD 22
Transmitted to the Governor
Overview
Allocates supplemental appropriations from the state General Fund (GF) in FY 2022 to the Public
Safety Personnel Retirement System (PSPRS) and the Corrections Officer Retirement Plan
(CORP).
History
PSPRS was established in 1968 to provide a uniform statewide retirement program for public
safety personnel (A.R.S. § 38-841). It is a defined benefit pension plan that is organized into local
boards for different employing agencies (A.R.S. § 38-847). Employing agencies make
contributions based on: 1) the normal cost associated with the retirement benefit; and 2) the
unfunded accrued liability, which is based on prior benefits that are actuarially determined to be
unfunded (A.R.S. § 38-843).
CORP, which is administered by PSPRS, is similarly organized into local boards and has a similar
contribution structure (A.R.S. §§ 38-891, 38-893).
Laws 2021, Ch. 408 appropriated $500,000,000 in FY 2021 to reduce the Department of Public
Safety unfunded accrued liability in PSPRS and $500,000,000 in FY 2021 to reduce the
Department of Corrections unfunded accrued liability in CORP.
Provisions
1. Appropriates the following sums from the state GF to PSPRS group employer accounts as a
FY 2022 supplemental appropriation to reduce the unfunded accrued liability (Sec. 1):
Agency Appropriation
Department of Emergency and Military Affairs $8,542,800
Attorney General Investigators $9,117,700
Arizona State Parks Board Rangers $8,820,600
Department of Liquor Licenses and Control $7,628,900
Arizona State University Campus Police $23,565,000
University of Arizona Campus Police $15,645,900
Northern Arizona University Campus Police $7,725,600
2. Appropriates the following amounts from the state GF to CORP group employer accounts as
a FY 2022 supplemental appropriation to reduce the unfunded accrued liability (Sec. 1):
☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☒ Fiscal Note SB 1086
Initials SJ Page 2 Transmitted
Agency Appropriation
Department of Public Safety Dispatchers $6,352,000
Department of Public Safety Detention Officers $309,200
3. Directs the board of trustees of PSPRS to account for the appropriations in the June 30, 2022
actuarial valuation of the PSPRS and CORP groups that are enumerated. (Sec. 1)
4. Requires the board to account for the appropriations when calculating the employee and
employer contribution rates, which the PSPRS and CORP groups must use when making
contributions pursuant to statute during FY 2024. (Sec. 1)