- Associated Press - Friday, August 28, 2015

PHOENIX (AP) - Arizona’s pension fund for public safety workers has a new chief administrator to oversee the multi-billion dollar plan’s investment portfolio.

The Public Safety Personnel Retirement System’s board announced Thursday that Jared Smout will oversee the pension plans investments and payments to retirees.

Smout has served as interim system administrator since July 2014 and been with the pension plan for 18 years.

The PSPRS trust administration also oversees plans benefiting corrections officers and elected officials. The plans together management $8.3 billion in assets and pay retirement, disability and survivor benefits to about 50,000 beneficiaries.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide