REFERENCE TITLE: DPS; pension liability; supplemental appropriation

State of Arizona

Senate

Fifty-fifth Legislature

First Regular Session

2021

SB 1468

Introduced by

Senator Livingston

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. Supplemental appropriation; PSPRS; pension liability

In addition to any other appropriations made in fiscal year 2020-2021, the sum of $300,000,000 is appropriated from the state general fund in fiscal year 2020-2021 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.