Summary Sheet- RFCA SUMMARY

CITY OF TEMPE
Meeting Date: 6/4/2026  
REQUEST FOR COUNCIL ACTION
Agenda Item: 7C2
ACTION:  Adopt a resolution to approve the City of Tempe’s Pension Funding Policy for fiscal year 
2026-27. (Resolution No. R2026.58)
FISCAL IMPACT:  None. The City’s contributions to pension systems are approved in the annual 
budget process, and the proposed policy is consistent with the current budget.
RECOMMENDATION:  Adopt Resolution No. R2026.58.
 
BACKGROUND INFORMATION:  In 2018, the Arizona Legislature approved Arizona Revised 
Statute 38-863.01, which requires each employer/member of the Public Safety Personnel Retirement 
System (PSPRS) to formally adopt a pension funding policy annually. The statute further requires that 
the City Council formally accept the City’s PSPRS assets and liabilities and that the annual policies 
include funding objectives that address the following:

How to maintain stability of the City’s contributions to PSPRS;

How and when the City’s funding requirements of PSPRS will be met; and,

Defining the City’s funded ratio target and timeline for reaching the targeted funded ratio.
The proposed pension funding policy satisfies the statutory requirements.
ATTACHMENTS:    
1. RESOLUTION.DOCX
2. ATTACHMENT A.DOCX
STAFF CONTACT(S):  Lisette Camacho, Deputy City Manager - Chief Financial Officer, (480) 350-
8505
Department Director:  Lisette Camacho, Deputy City Manager - Chief Financial Officer  
Legal review by:  Dave Park, Sr Assistant City Attorney
Prepared by:  Benicia Benson, Administrative Analyst