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Clarkdale PSPRS board accepts 2024 actuarial valuation; two officers admitted into pension system
Summary
The Town of Clarkdales Public Safety Personnel Retirement System Board unanimously approved the state PSPRS actuarial valuation for 2024 and accepted two new police officers into the pension system. The valuation shows a 71.60% funded ratio and sets FY26 contribution rates for plan tiers.
The Town of Clarkdale Public Safety Personnel Retirement System Board on Oct. 30 unanimously accepted the Arizona PSPRS actuarial valuation as of June 30, 2024, and formally admitted two newly hired police officers into the towns pension system.
The boards chair, Betty Kramer, opened the meeting and moved to approve the actuarial valuation after a staff presentation. The valuation, prepared by the state PSPRS actuarial report, showed a funded ratio of 71.60% as of June 30, 2024. Staff said the town and state publish annual contribution rates to fund liabilities; for fiscal year 2026 the presented…
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