Overview of the recent legislative changes related to Tier 2 members of the PSPRS retirement system.... ( read more )
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Inside the PSPRS Tier 2 Defined Contribution Plan The Public Safety Personnel Retirement System (PSPRS) in Arizona offers various retirement plans for public safety employees, including the Tier 2 Defined Contribution plan. This plan, designed for individuals hired on or after January 1, 2012, offers a unique approach to retirement savings and provides participants with greater control over their investments. The Tier 2 Defined Contribution plan is a departure from the traditional defined benefit plans offered by most pension systems. Instead of guaranteeing a specific monthly benefit for life, this plan allows participants to contribute a percentage of their salary to their ret
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