SB 1292
PSPRS; investments
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill amends the Arizona Public Safety Personnel Retirement System (PSPRS) by clarifying the board of trustees’ powers and duties, particularly regarding investments and financial management. It establishes requirements for board member qualifications, including professional experience, and outlines specific investment guidelines to ensure the fund’s long-term stability. The bill also mandates comprehensive annual financial reporting to the governor and legislature, enhancing transparency and accountability.
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