ASRS; retirement; elected officials
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill amends the Arizona State Retirement System (ASRS) regulations to clarify rules regarding retirement, particularly for elected officials. It allows retired officials to return to work without terminating their elected position, subject to certain conditions and contribution requirements. The bill also addresses lump-sum payment options for retirees and clarifies how benefits are handled when a retiree returns to work.
Key provisions
- Allows elected officials to retire without terminating their elected position.
- Establishes an alternate contribution rate for employers when a retired member returns to work.
- Specifies conditions under which a retired member can receive a lump-sum payment.
- Outlines procedures for a retired member to cancel the effective date of their retirement.
- Defines requirements for a retired member to return to work and continue receiving benefits.
- Clarifies the impact of returning to work on service credit and long-term disability benefits.
- Addresses the calculation of the alternate contribution rate.
- Provides a mechanism for employers to request a credit for contributions paid under the alternate contribution rate.
Who is affected
- Arizona State Retirement System (ASRS) members
- Elected officials in Arizona
- Employers of elected officials
- State government employees
Bill text
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Sponsors
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1 on record
Primary sponsor
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