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Surprise retirement commission asks PSPRS actuaries to present 2024 valuation
Summary
The Surprise Public Safety Retirement Commission requested that Public Safety Personnel Retirement System actuaries present and explain the actuarial valuation dated June 30, 2024, to the commission in plain-English at a future meeting.
The Surprise Public Safety Retirement Commission on Feb. 12, 2025, asked actuaries from the Public Safety Personnel Retirement System (PSPRS) to appear before the commission and explain the annual actuarial valuation for the police and fire plans as of June 30, 2024.
The request followed staff distribution of the valuation report and commissioners’ comments that they were not comfortable interpreting the technical figures without an expert. Chair Matson asked for…
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