Arizona SB1292 amends the Public Safety Personnel Retirement System (PSPRS) to revise the board of trustees' powers and duties, reporting.
Arizona SB1292 amends the Public Safety Personnel Retirement System (PSPRS) by revising the composition and duties of the board of trustees. The board consists of nine members appointed by various officials, including law enforcement, firefighters, and representatives from cities, counties, and state employers. The bill outlines specific investment policies, requiring the board to exercise prudent care in managing investments, avoid certain high-risk investments, and ensure diversification.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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