Overview: HB 2203 modifies the board membership of the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to include a political subdivision from an urban area and one from a rural area.
League Position:SUPPORT - The League supports the bill because it will increase employer representation on the board, insures that rural communities will have a voice on the board and the issue was adopted as an official resolution at the League Annual Conference.
Summary: HB 2203 modifies the membership of the ASRS board to remove the at-large member and the member designated to represent political subdivisions and instead includes a member from an urban city (Maricopa and Pima) and a rural (all others). The seat on the board filled by an educator is also further defined.
The PSPRS board is modified in a number of ways. First, the length of terms for board members is shortened from five to three years. Second, the bill increases the PSPRS board to nine members by replacing the city representative with a representative of an urban political subdivision, adding a representative of a rural political subdivision, adding an elected county official or appellate judge from an urban county and specifying that the existing elected county official or appellate judge be from a rural county.
01/21/14: HB 2203 passed out of the House Insurance and Retirement Committee on a 5-3 vote. This bill was amended to specify that the seats on the ASRS board must come from political subdivisions, not just cities or towns. The League testified in support of the bill and the amendment. The bill now proceeds to the Rules Committee.
02/27/14: HB 2203 has been retained on the House Committee of the Whole calendar.
03/03/14: HB 2203 has been retained on the House Committee of the Whole calendar.