The La Paz County Sheriff’s Office is currently required to pay the equivalent of 75.3 percent of their employees’ salaries to the Public Safety Personnel Retirement System annually. They also have a funding ratio to the PSPRS of 35.31 percent, meaning that’s how much of their present and future obligations they can cover. The PSPRS says a ratio of 75 percent is healthy in terms of meeting all obligations.
In 2017, a report from the Pew Charitable Trusts said the PSPRS had less than half of what they would need to meet present and future obligations.
The following is a selected list of members in the PSPRS, the equivalent of their employees’ salaries they are required to pay in every year, and what their funding ratio is.
La Paz County Sheriff’s Office: 75.3 percent 35.31 percent
Phoenix Police Department: 64.64 percent 42.3 percent
Arizona Department of Public Safety: 97.5 percent 33.3 percent
Parker Police Department: 35 percent 72 percent
Quartzsite Police Department: 18.8 percent 87 percent
Quartzsite Fire Department: 19.9 percent 79.3 percent
Buckskin Fire Department: 48.66 percent 39.3 percent
Lake Havasu City Police Department: 50.45 percent 50.9 percent
Lake Havasu City Fire Department: 48.81 percent 53.3 percent
Mohave County Sheriff’s Department: 54.67 percent 49.2 percent