Defined Contribution & Retirement Study Committee

FINAL REPORT – December 21, 2012

The health and sustainability of our pension systems is of critical importance to everyone in Arizona. These benefits are funded from tax dollars and from the employees themselves. The State of Arizona sponsors four retirement systems that currently cover more than 581,000 employees, retirees, or former employees who have yet to retire. These are the individuals who police our streets, respond to medical emergencies, teach our children, and keep the basic functions of government running.

Laws 2011, Chapter 357, Sec. 56 created the Defined Contribution and Retirement Study Committee consisting of the five members of the State Board of Investment, six members of the Arizona Legislature appointed by the President of the Senate and the Speaker of the House, and a member from each of the boards of the Arizona State Retirement System (ASRS) and the Public Safety Retirement System (PSPRS).

Arizona’s retirement systems are professionally and competently managed. We are fortunate that our pensions are in far better shape than many other states. That said, there are issues that require attention. Several reform options were explored by the Study Committee for policy makers to consider so Arizona can continue to strengthen and enhance those plans in order to protect the benefits to current retirees and employees that have earned them, as well taxpayers now and in the future.

MEETING AGENDAS & MINUTES

December 20, 2012
Agenda
Minutes

December 13, 2011

Agenda
Minutes

October 25, 2011

Agenda
Minutes
November 27, 2012
Agenda
Minutes

November 22, 2011

Agenda
Minutes

September 27, 2011

Agenda
Minutes

MEETING MATERIALS

December 20, 2012

Articles or Reports:


November 27, 2012


December 21, 2011


December 13, 2011


November 22, 2011


October 25, 2011


September 27, 2011