SB 1087
Initials SJ Page 1 Appropriations
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 10-3-0-0
SB 1087: appropriations; unfunded liability; corrections; safety
Sponsor: Senator Livingston, LD 22
Committee on Appropriations
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 Public Safety $420,559,600
Arizona Game and Fish Department $82,243,000
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):
Agency Appropriation
Department of Corrections $474,635,300
Department of Juvenile Corrections $73,940,800
3. Appropriates $15 million from the Game and Fish Fund in FY 2022 as a supplemental
appropriation to be deposited in the Arizona Game and Fish Department PSPRS group
employer account to reduce the unfunded accrued liability. (Sec. 1)
☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☒ Fiscal Note
SB 1087
Initials SJ Page 2 Appropriations
4. Directs the board of trustees of PSPRS to account for the appropriations in the June 30, 2022
actuarial valuation of the Department of Public Safety PSPRS group and the state Department
of Juvenile Corrections CORP group. (Sec. 1)
5. Requires the board to account for the appropriations when calculating the employee and
employer contribution rates, which the Department of Public Safety PSPRS and the state
Department of Corrections CORP groups must use when making contributions pursuant to
statute during FY 2024. (Sec. 1)
☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☒ Fiscal Note