The Arizona Public Safety Personnel Retirement System (PSPRS) Consolidated Annual Financial Report (CAFR) for the fiscal year ended June 30, 2012 is now available online. Readers who are interested can find the report at the referenced link. There will be more commentary on the report in future posts, but if you read only part of it, read the introductory letters by both the board of trustees and the system administrator starting on page nine of the CAFR. They give a good idea of the legal and financial challenges facing PSPRS.
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