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County association urges sustained employer contributions to address PSPRS legacy debt
Summary
A County Supervisors Association representative told Cochise County supervisors the association is pressing state pension managers and legislators to prioritize paying down legacy PSPRS and EORP liabilities and to keep employer contribution rates elevated to avoid larger long-term costs.
The County Supervisors Association (CSA) representative told the Cochise County Board of Supervisors that the association is focusing on the state public safety retirement systems’ legacy liabilities and will press for policies to accelerate repayment.
The speaker said the association has put resources into monitoring PSPRS (Public Safety Personnel Retirement System) reforms and advising trustees and legislators. “When the PSPRS system is looking at assumption changes, we model and look at what that does to the system. And so we'll provide feedback to help inform some of those assumption changes in a way that helps pay down the debt in a more efficient rate,” the CSA representative said.
Why it matters: counties carry employer…
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