PSPRS: Local and Legislative Issues Rene Guillen Legislative Director League of Arizona Cities & Towns.

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Presentation transcript:

PSPRS: Local and Legislative Issues Rene Guillen Legislative Director League of Arizona Cities & Towns

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

“Righting the Ship” The Blame Game – Federal – State – PSPRS – Employers Political Realities – State – Local Does it need to be righted?

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