The Arizona PSPRS administers pension and other benefits for police and firefighters employed by the state and political subdivisions that have elected to participate.
Arizona Public Safety Personnel Retirement System Basics, by Plan
Source: Public Plans Database (as of 2023)
Note: Arizona Public Safety Personnel Retirement System has 2 other plans.
Assets
Assets at Year-End
Arizona Public Safety Personnel Retirement System
2001-2023
| Fiscal Year |
Net Assets (billions) |
| 2001 |
5.4 |
| 2002 |
4.5 |
| 2003 |
4.7 |
| 2004 |
5.3 |
| 2005 |
5.7 |
| 2006 |
6.1 |
| 2007 |
6.9 |
| 2008 |
6.5 |
| 2009 |
5.3 |
| 2010 |
6.0 |
| 2011 |
6.8 |
| 2012 |
6.6 |
| 2013 |
7.2 |
| 2014 |
8.2 |
| 2015 |
8.4 |
| 2016 |
8.3 |
| 2017 |
9.3 |
| 2018 |
9.9 |
| 2019 |
10.6 |
| 2020 |
10.9 |
| 2021 |
15.7 |
| 2022 |
17.8 |
| 2023 |
19.6 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| Fiscal Year |
Arizona Public Safety Personnel Retirement System |
US State and Local Pensions |
| 2001 |
3.6 |
2.4 |
| 2002 |
3.4 |
2.3 |
| 2003 |
3.2 |
2.2 |
| 2004 |
3.3 |
2.1 |
| 2005 |
3.1 |
2.1 |
| 2006 |
2.8 |
2.0 |
| 2007 |
2.7 |
2.0 |
| 2008 |
2.7 |
1.9 |
| 2009 |
2.6 |
1.9 |
| 2010 |
2.4 |
1.8 |
| 2011 |
2.2 |
1.7 |
| 2012 |
2.1 |
1.6 |
| 2013 |
2.0 |
1.5 |
| 2014 |
1.7 |
1.4 |
| 2015 |
1.6 |
1.4 |
| 2016 |
1.5 |
1.4 |
| 2017 |
1.4 |
1.4 |
| 2018 |
1.4 |
1.3 |
| 2019 |
1.3 |
1.3 |
| 2020 |
1.2 |
1.3 |
| 2021 |
1.1 |
1.2 |
| 2022 |
1.2 |
1.2 |
| 2023 |
1.1 |
1.2 |
2023 Membership for Arizona Public Safety Personnel Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 26,695 |
24,314 |
7,087 |
38,521 |
237 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Arizona Public Safety Personnel Retirement System
2001-2023
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-56.2 |
5,431.4 |
| 2002 |
-87.4 |
4,548.2 |
| 2003 |
-115.1 |
4,725.1 |
| 2004 |
-96.8 |
5,324.9 |
| 2005 |
-108.8 |
5,708.4 |
| 2006 |
-85.3 |
6,095.3 |
| 2007 |
-199.0 |
6,914.6 |
| 2008 |
75.6 |
6,492.9 |
| 2009 |
-8.5 |
5,335.1 |
| 2010 |
-75.1 |
5,978.2 |
| 2011 |
-174.3 |
6,835.5 |
| 2012 |
-123.2 |
6,639.8 |
| 2013 |
-96.2 |
7,249.6 |
| 2014 |
-81.9 |
8,162.1 |
| 2015 |
-89.3 |
8,364.8 |
| 2016 |
-103.7 |
8,311.9 |
| 2017 |
34.1 |
9,343.2 |
| 2018 |
-99.4 |
9,896.9 |
| 2019 |
155.8 |
10,599.9 |
| 2020 |
170.7 |
10,942.7 |
| 2021 |
1,656.3 |
15,712.8 |
| 2022 |
2,756.7 |
17,791.6 |
| 2023 |
423.8 |
19,622.2 |
2023 Cash Flows for Arizona Public Safety Personnel Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 1,846.3 |
1,422.5 |
1,406.8 |
1,830.6 |
Cash Flow as a Percentage of Assets
Arizona Public Safety Personnel Retirement System
2001-2023
| Fiscal Year |
Arizona Public Safety Personnel Retirement System |
National Average |
| 2001 |
-1.0 |
-2.1 |
| 2002 |
-1.9 |
-2.0 |
| 2003 |
-2.4 |
-2.5 |
| 2004 |
-1.8 |
-2.0 |
| 2005 |
-1.9 |
-2.2 |
| 2006 |
-1.4 |
-2.2 |
| 2007 |
-2.9 |
-2.1 |
| 2008 |
1.2 |
-2.3 |
| 2009 |
-0.2 |
-3.1 |
| 2010 |
-1.3 |
-3.2 |
| 2011 |
-2.5 |
-3.1 |
| 2012 |
-1.9 |
-3.3 |
| 2013 |
-1.3 |
-3.1 |
| 2014 |
-1.0 |
-2.9 |
| 2015 |
-1.1 |
-2.8 |
| 2016 |
-1.2 |
-3.0 |
| 2017 |
0.4 |
-2.9 |
| 2018 |
-1.0 |
-2.6 |
| 2019 |
1.5 |
-2.6 |
| 2020 |
1.6 |
-2.4 |
| 2021 |
10.5 |
-2.1 |
| 2022 |
15.5 |
-2.1 |
| 2023 |
2.2 |
-2.1 |
