Arizona 2022 Regular Session

Arizona Senate Bill SB1087 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	~~Senate Engrossed~~ appropriations; unfunded liability; corrections; safety State of Arizona Senate Fifty-fifth Legislature Second Regular Session 2022 ~~SENATE BILL~~ 1087 AN ACT Appropriating monies to the public safety personnel retirement system. (TEXT OF BILL BEGINS ON NEXT PAGE)
	1	+	PREFILED JAN 05 2022 REFERENCE TITLE: appropriations; unfunded liability; corrections; safety State of Arizona Senate Fifty-fifth Legislature Second Regular Session 2022 SB 1087 Introduced by Senators Livingston: Gowan, Leach; Representative Cook AN ACT Appropriating monies to the public safety personnel retirement system. (TEXT OF BILL BEGINS ON NEXT PAGE)
2	2
3	3
4	4
5	5
6	6
7		-	Senate Engrossed appropriations; unfunded liability; corrections; safety
	7	+	PREFILED JAN 05 2022
	8	+
	9	+	REFERENCE TITLE: appropriations; unfunded liability; corrections; safety
8	10		State of Arizona Senate Fifty-fifth Legislature Second Regular Session 2022
9		-	SENATE BILL 1087
	11	+	SB 1087
	12	+	Introduced by Senators Livingston: Gowan, Leach; Representative Cook
10	13
11		-	Senate Engrossed
12		-
13		-
14		-
15		-	appropriations; unfunded liability; corrections; safety
	14	+	REFERENCE TITLE: appropriations; unfunded liability; corrections; safety
16	15
17	16
18	17
19	18
20	19
21	20
22	21
23	22
24	23
25	24		State of Arizona
26	25
27	26		Senate
28	27
29	28		Fifty-fifth Legislature
30	29
31	30		Second Regular Session
32	31
33	32		2022
34	33
35	34
36	35
37	36
38	37
39		-	~~SENATE BILL~~ 1087
	38	+	SB 1087
40	39
41	40
	41	+
	42	+	Introduced by
	43	+
	44	+	Senators Livingston: Gowan, Leach; Representative Cook
42	45
43	46
44	47
45	48
46	49
47	50		AN ACT
48	51
49	52
50	53
51	54		Appropriating monies to the public safety personnel retirement system.
52	55
53	56
54	57
55	58
56	59
57	60		(TEXT OF BILL BEGINS ON NEXT PAGE)
58	61
59	62
60	63
61		-	Be it enacted by the Legislature of the State of Arizona: Section. 1. Supplemental appropriations; public safety personnel retirement system; corrections officer retirement plan group; pension liability A. In addition to any other appropriations made in fiscal year 2021-2022, the sum of $~~420~~,~~559~~,~~600~~ is appropriated from the state general fund in fiscal year 2021-2022 to the public safety personnel retirement system to be deposited in the employer account of the department of public safety public safety personnel retirement system group to reduce the unfunded accrued liability. B. In addition to any other appropriations made in fiscal year 2021-2022, the sum of $474,~~635~~,~~300~~ is appropriated from the state general fund in fiscal year 2021-2022 to the public safety personnel retirement system to be deposited in the employer account of the state department of corrections corrections officer retirement plan group to reduce the unfunded accrued liability. C. In addition to any other appropriations made in fiscal year 2021-2022, the sum of $15,000,000 is appropriated from the game and fish fund established by section 17-261, Arizona Revised Statutes, and the sum of $82,243,000 is appropriated from the state general fund in fiscal year 2021-2022 to the public safety personnel retirement system to be deposited in the Arizona game and fish department public safety personnel retirement system group employer account to reduce the unfunded accrued liability for the Arizona game and fish department. D. In addition to any other appropriations made in fiscal year 2021-2022, the sum of $73,940,800 is appropriated from the state general fund in fiscal year 2021-2022 to the public safety personnel retirement system to be deposited in the department of juvenile corrections corrections officer retirement plan group employer account to reduce the unfunded accrued liability for the department of juvenile corrections. E. The board of trustees of the public safety personnel retirement system shall account for the appropriations made in this section in the June 30, 2022 actuarial valuation of both the department of public safety public safety personnel retirement system group and the state department of corrections corrections officer retirement plan group. The board shall account for the appropriations when calculating the employee contribution rates and employer contribution rates, which the department of public safety public safety personnel retirement system group shall use when making contributions pursuant to section 38-843, Arizona Revised Statutes, and the state department of corrections corrections officer retirement plan group shall use when making contributions pursuant to section 38-891, Arizona Revised Statutes, during fiscal year 2023-2024.
	64	+	Be it enacted by the Legislature of the State of Arizona: Section. 1. Supplemental appropriations; public safety personnel retirement system; corrections officer retirement plan group; pension liability A. In addition to any other appropriations made in fiscal year 2021-2022, the sum of $421,859,400 is appropriated from the state general fund in fiscal year 2021-2022 to the public safety personnel retirement system to be deposited in the employer account of the department of public safety public safety personnel retirement system group to reduce the unfunded accrued liability. B. In addition to any other appropriations made in fiscal year 2021-2022, the sum of $474,584,100 is appropriated from the state general fund in fiscal year 2021-2022 to the public safety personnel retirement system to be deposited in the employer account of the state department of corrections corrections officer retirement plan group to reduce the unfunded accrued liability. C. The board of trustees of the public safety personnel retirement system shall account for the appropriations made in this section in the June 30, 2022 actuarial valuation of both the department of public safety public safety personnel retirement system group and the state department of corrections corrections officer retirement plan group. The board shall account for the appropriations when calculating the employee contribution rates and employer contribution rates, which the department of public safety public safety personnel retirement system group shall use when making contributions pursuant to section 38-843, Arizona Revised Statutes, and the state department of corrections corrections officer retirement plan group shall use when making contributions pursuant to section 38-891, Arizona Revised Statutes, during fiscal year 2023-2024.
62	65
63	66		Be it enacted by the Legislature of the State of Arizona:
64	67
65	68		Section. 1. Supplemental appropriations; public safety personnel retirement system; corrections officer retirement plan group; pension liability
66	69
67		-	A. In addition to any other appropriations made in fiscal year 2021-2022, the sum of $~~420~~,~~559~~,~~600~~ is appropriated from the state general fund in fiscal year 2021-2022 to the public safety personnel retirement system to be deposited in the employer account of the department of public safety public safety personnel retirement system group to reduce the unfunded accrued liability.
	70	+	A. In addition to any other appropriations made in fiscal year 2021-2022, the sum of $421,859,400 is appropriated from the state general fund in fiscal year 2021-2022 to the public safety personnel retirement system to be deposited in the employer account of the department of public safety public safety personnel retirement system group to reduce the unfunded accrued liability.
68	71
69		-	B. In addition to any other appropriations made in fiscal year 2021-2022, the sum of $474,~~635~~,~~300~~ is appropriated from the state general fund in fiscal year 2021-2022 to the public safety personnel retirement system to be deposited in the employer account of the state department of corrections corrections officer retirement plan group to reduce the unfunded accrued liability.
	72	+	B. In addition to any other appropriations made in fiscal year 2021-2022, the sum of $474,584,100 is appropriated from the state general fund in fiscal year 2021-2022 to the public safety personnel retirement system to be deposited in the employer account of the state department of corrections corrections officer retirement plan group to reduce the unfunded accrued liability.
70	73
71		-	C. In addition to any other appropriations made in fiscal year 2021-2022, the sum of $15,000,000 is appropriated from the game and fish fund established by section 17-261, Arizona Revised Statutes, and the sum of $82,243,000 is appropriated from the state general fund in fiscal year 2021-2022 to the public safety personnel retirement system to be deposited in the Arizona game and fish department public safety personnel retirement system group employer account to reduce the unfunded accrued liability for the Arizona game and fish department.
72		-
73		-	D. In addition to any other appropriations made in fiscal year 2021-2022, the sum of $73,940,800 is appropriated from the state general fund in fiscal year 2021-2022 to the public safety personnel retirement system to be deposited in the department of juvenile corrections corrections officer retirement plan group employer account to reduce the unfunded accrued liability for the department of juvenile corrections.
74		-
75		-	E. The board of trustees of the public safety personnel retirement system shall account for the appropriations made in this section in the June 30, 2022 actuarial valuation of both the department of public safety public safety personnel retirement system group and the state department of corrections corrections officer retirement plan group. The board shall account for the appropriations when calculating the employee contribution rates and employer contribution rates, which the department of public safety public safety personnel retirement system group shall use when making contributions pursuant to section 38-843, Arizona Revised Statutes, and the state department of corrections corrections officer retirement plan group shall use when making contributions pursuant to section 38-891, Arizona Revised Statutes, during fiscal year 2023-2024.
	74	+	C. The board of trustees of the public safety personnel retirement system shall account for the appropriations made in this section in the June 30, 2022 actuarial valuation of both the department of public safety public safety personnel retirement system group and the state department of corrections corrections officer retirement plan group. The board shall account for the appropriations when calculating the employee contribution rates and employer contribution rates, which the department of public safety public safety personnel retirement system group shall use when making contributions pursuant to section 38-843, Arizona Revised Statutes, and the state department of corrections corrections officer retirement plan group shall use when making contributions pursuant to section 38-891, Arizona Revised Statutes, during fiscal year 2023-2024.