Public Safety Personnel Retirement System Pension Funding Policy

On April 3, 2018, the Governor signed in to law, House Bill 2097, requiring that each governing body of an employer shall annually adopt a pension funding policy that includes funding objectives that address:

• How to maintain stability of the governing body's contributions to the system.
• How and when the governing body's funding requirements of the system will be met.
• Define the governing body's funding ratio target under the system and the timeline for reaching the targeted funded ratio.

The District's adopted Pension Funding Policies are listed below.