AZ HB2166

Allows county employers that previously elected to pay a higher level percentage contribution rate to eliminate that higher rate for members hired on or after January 1, 2015.

Maintains existing contribution requirements for the Public Safety Personnel Retirement System (PSPRS), including member contributions ranging from 7.65% to 11.65% of compensation depending on fiscal year.

Preserves employer contribution obligations to meet normal costs and amortize unfunded accrued liability over a rolling 20-30 year period, with minimum contribution rate of 8% of compensation (subject to exceptions for employers below that threshold in fiscal year 2006-2007).

Clarifies that member contributions exceeding 7.65% cannot be used to reduce employer contribution requirements calculated under the employer contribution formula.