REFERENCE TITLE: appropriation; PSPRS; pension liability; Prescott

State of Arizona Senate Fifty-third Legislature Second Regular Session 2018

SB 1407

Introduced by Senator Fann

 

AN ACT

 

Appropriating monies to the public safety personnel retirement system.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Appropriation; PSPRS; pension liability; city of Prescott

The sum of $7,800,000 is appropriated from the state general fund in fiscal year 2018‑2019 to the public safety personnel retirement system to be deposited in the employer account of the Prescott fire department group to offset the increased pension liability caused by the deaths of the granite mountain hotshots.