PSPRS: Local and Legislative Issues Rene Guillen Legislative Director League of Arizona Cities &...
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Transcript of PSPRS: Local and Legislative Issues Rene Guillen Legislative Director League of Arizona Cities &...
![Page 1: PSPRS: Local and Legislative Issues Rene Guillen Legislative Director League of Arizona Cities & Towns.](https://reader035.fdocuments.in/reader035/viewer/2022072016/56649eec5503460f94bfdf26/html5/thumbnails/1.jpg)
PSPRS: Local and Legislative
Issues
Rene GuillenLegislative Director
League of Arizona Cities & Towns
![Page 2: PSPRS: Local and Legislative Issues Rene Guillen Legislative Director League of Arizona Cities & Towns.](https://reader035.fdocuments.in/reader035/viewer/2022072016/56649eec5503460f94bfdf26/html5/thumbnails/2.jpg)
Legislation in the 2014 Session
• HB 2049 – retirement plans; compensation; definition• HB 2056 – retirement; return to work• HB 2058 – public pensions; limit on compensation• HB 2060 – PSPRS oversight; rulemaking; procurement• HB 2090 – defined contribution retirement plans;
option• HB 2203 – ASRS; PSPRS; board membership• HB 2552 – retirement; return to work; restrictions• HCR 2001 – public retirement systems
![Page 3: PSPRS: Local and Legislative Issues Rene Guillen Legislative Director League of Arizona Cities & Towns.](https://reader035.fdocuments.in/reader035/viewer/2022072016/56649eec5503460f94bfdf26/html5/thumbnails/3.jpg)
“Righting the Ship”
• The Blame Game– Federal– State– PSPRS– Employers
• Political Realities – State – Local
• Does it need to be righted?
![Page 4: PSPRS: Local and Legislative Issues Rene Guillen Legislative Director League of Arizona Cities & Towns.](https://reader035.fdocuments.in/reader035/viewer/2022072016/56649eec5503460f94bfdf26/html5/thumbnails/4.jpg)
How do we save PSPRS?• Reform– Contribution Rates– Retirement Age– Years of Service– Pension Benefit Calculation– COLAs– Individual Employer Accounts?
• Should it be saved?• What are the rules?• Setting Expectations