68 Authorization to Adopt Proposed Update to Public Safety Personnel Retirement System Pension Funding Policy (Ordinance S-52098) - Citywide - City of Phoenix, Arizona

Meeting: City Council Formal Meeting June 18, 2025

Meeting Time: June 18, 2025 at 2:30pm MST

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Agenda Item

68 Authorization to Adopt Proposed Update to Public Safety Personnel Retirement System Pension Funding Policy (Ordinance S-52098) - Citywide

Report Attachment A - 38-863.01 - Pension Funding Policies; Employers - June 2025.pdf Attachment B - PSPRS Funding Policy - June 2025.pdf Attachment C - PSPRS Total Unfunded Pension Liability - June 2025.pdf Attachment D - PSPRS Total Pension Costs by Payment Source - June 2025.pdf Attachment E - PSPRS Historical Total Funding Percentage - June 2025.pdf Attachment F - Police Actuarial Support.pdf Attachment F - Fire Actuarial Support.pdf Attachment G - PSPRS Total Unfunded Pension Liability - June 2025.pdf