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Gila County delays payment on $375,263 PSPRS shortfall pending actuarial answers
Summary
County staff reported a $375,263 unfunded actuarial accrued liability in the sheriff’s PSPRS trust fund; after supervisors pressed for an explanation of last year’s $502,057 surplus, the board voted to delay funding and asked PSPRS to meet the board for a work session.
The Gila County Board of Supervisors on March 17 voted to postpone paying a $375,263 unfunded actuarial accrued liability in the sheriff’s public‑safety pension trust while staff seeks a fuller explanation from the Public Safety Personnel Retirement System (PSPRS).
County staff told the board the PSPRS report showed a shortfall of $375,263. Finance staff noted that the same fund showed an excess of $502,057 the prior year and that PSPRS staff could not explain the swing. “We are seeing a shortfall in one of the three funds in the…
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