Senate Engrossed   DPS; pension liability; supplemental appropriation

State of Arizona Senate Fifty-fifth Legislature First Regular Session 2021

SENATE BILL 1468

 

AN ACT

 

Appropriating monies to the public safety personnel retirement system.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1. Supplemental appropriation; PSPRS; pension liability

In addition to any other appropriations made in fiscal year 2020-2021, the sum of $300,000,000 is appropriated from the state general fund in fiscal year 2020-2021 to the public safety personnel retirement system to be deposited in the employer account of the department of public safety public safety personnel retirement system group to reduce the unfunded accrued liability.