On 060717, Phoenix’s PSPRS Local Board met and discussed updates on the PSPRS payouts related to the EORP v. Hall Decision.
- A City HR representative advised that the refund disbursements will likely begin this fall. In the coming months, the City will be mailing a letter to each affected member explaining the process and advising members on how they can defer the refund into their 457 accounts; otherwise, it will be taxed. Nationwide is working with the City to facilitate this process. Please make sure your mailing address is updated in ECHRIS to ensure you receive this letter.
- Soon you should be able log in to your PSPRS account and see what your individual payout will be, exclusive of any court-awarded interest. For those who do not already have it set up, please visit PSPRS.com and follow the instructions.
- Current and retired employees will be paid at the same time.
PLEA will keep you updated as we receive information from PSPRS and our Local Board.