Pension funding policies; board; employers' pension funding policies; posting; popular annual financial report

A.R.S. § 38-863.02 — under Public Safety Personnel Defined Contribution Retirement Plan Disability Program.

A.R.S. § 38-863.02

B. The board shall annually consolidate the pension funding policies of employers adopted pursuant to section 38-863.01 and post the document on the system's public website.

C. On or before June 30 of each year, the board shall submit a popular annual financial report to the governor, the president of the senate and the speaker of the house of representatives and post to the system's public website that includes the following:

1. For each retirement system and plan that is administered by the board:

(a) Funding status.

(b) Aggregate contribution rates.

(c) Demographic updates.

2. For the aggregate of the systems and plans administered by the board:

(a) Investment returns.

(b) An analysis of the system's aggregate experience over the previous year.

(c) Major policy and governance changes.

(d) Future trends and objectives.