AZ SB1365

Amends section 38-843 of Arizona Revised Statutes regarding the Public Safety Personnel Retirement System (PSPRS) member and employer contributions.

Establishes a 9.5 percent maximum member contribution rate for members hired on or after July 1, 2017 in both the public safety employer risk pool and non-risk pool employers; if required contributions exceed 9.5 percent, the employer must pay the difference.

Allows employers to elect a longer amortization period of up to 30 years (instead of 20 years) for unfunded liability payments by adopting a resolution and submitting a written request to the board.

Effective date is June 30, 2026.