Arizona SB1270 amends the Public Safety Personnel Defined Contribution Retirement Plan to allow employers to make supplemental contributions to.

Arizona SB1270 amends the Public Safety Personnel Defined Contribution Retirement Plan by allowing employers to make supplemental contributions to participants' retirement accounts. Employers can make these contributions on a specified service interval, such as five, ten, or fifteen years of service, and must make them equally to all eligible participants. The contributions are limited to $5,000 per participant and must not require the participant to contribute more than a specified percentage of their gross pensionable compensation.

Arizona SB1270 amends the Public Safety Personnel Defined Contribution Retirement Plan to allow employers to make supplemental contributions to.

Arizona SB1270 amends the Public Safety Personnel Defined Contribution Retirement Plan by allowing employers to make supplemental contributions to participants' retirement accounts. Employers can make these contributions on a specified service interval, such as five, ten, or fifteen years of service, and must make them equally to all eligible participants. The contributions are limited to $5,000 per participant and must not require the participant to contribute more than a specified percentage of their gross pensionable compensation.