November 16, 2024 12:35 pm
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Yavapai County has 21-year plan to pay back $40.1M in state retirement funds

Official LogoBy Sue Tone | The Daily Courier

Every town, city and county pays into in the Public Safety Personnel Retirement System (PSPRS), and the manner in which they manage this payment often looks different from one PSPRS member to another.

Yavapai County has a 21-year plan in place to pay off its $40.1 million unfunded liability of PSPRS debt. Yavapai County Administrator Phil Bourdon said the county has been making its required payments since about 2009, when PSPRS recognized there was a problem with unfunded liability.

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