Queen Creek’s Finance Director Appointed to the Public Safety Personnel Retirement System Board of Trustees
Queen Creek’s Finance Director, Scott McCarty was recently appointed to serve on the Public Safety Personnel Retirement System (PSPRS) Board of Trustees. The Board of Trustees governs PSPRS overseeing the system’s policies, operations, and investments. Appointments to the nine-member board are five-year terms and are made by the Governor, Senate President and Speaker of the House. McCarty was nominated by the League of Arizona Cities and Towns and appointed by Arizona Senate President Steve Yarbrough.
“Scott continues to be a leader in the area of our state retirement system,” stated Queen Creek Mayor Barney. “Scott’s expertise related to financial management and the pension system has been invaluable to the Town, and his knowledge will be used in a state-wide capacity to assist other communities.”
Through McCarty’s leadership, the Town implemented an aggressive policy to fund the Town’s unfunded pension liabilities so these costs would not be paid by future residents and businesses. The Town currently has no unfunded liability for sworn firefighters, has a fully funded reserve of $19.7 million for the Town’s pension liability associated with the Maricopa County Sheriff’s Office contract, and has set aside $7.4 million, approximately one-third of the Town’s portion of the Arizona State Retirement Systems (ASRS) unfunded liability. McCarty previously served as the chair of the League of Cities and Towns Pension Task Force. He has served as the Town’s Finance Director since 2015.
For more information about the PSPRS, visit PSPRS.com. To learn more about the Town’s Finance Department, visit QueenCreek.org. Stay updated on Town news and happenings by following at Facebook.com/QueenCreek and Twitter.com/TOQC_official.
Constance Halonen-Wilson, Public Information Officer