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Gilbert to return to regular pension contributions after $10M PSPRS payment; ASRS pre‑fund shows early gains
Summary
Finance staff reported the town’s PSPRS funding position improved after a $10 million payment and recommended returning to normal pension contributions for FY26 while awaiting the next actuarial report; the ASRS pre‑funding account (started July 2023) has earned positive returns.
Kelly reviewed the town’s pension funding status for the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS). Kelly said Gilbert established an ASRS prefunding account in July 2023 with an initial $2,000,000, and ASRS investment returns had increased that account to about $2.25 million as of December 2024.
On PSPRS (the non‑pooled…
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