technical correction; retirement; death benefits
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
Senate Bill 1258 makes a technical correction to the Arizona Corrections Officer Retirement Plan. Specifically, it clarifies the process for distributing death benefits to designated beneficiaries, including the order of priority for payments to family members if no pension is payable. The bill also addresses child’s pensions for retirees who do not have a surviving spouse, outlining conditions for termination and payment to guardians or custodians.
Key provisions
- Clarifies the process for distributing death benefits to designated beneficiaries.
- Specifies that death benefits are equal to two times the member's accumulated contributions.
- Outlines payment priority for family members (designated person, nearest of kin, or estate).
- Establishes child’s pensions for retirees without a surviving spouse.
- Details conditions for terminating child’s pensions (adoption, ceasing disability or dependency).
- Defines how child’s pensions are paid to guardians or custodians.
- Addresses pension payments for children with disabilities beyond the age of eighteen.
- Defines the term ‘inactive member’ for the purposes of the plan.
Who is affected
- Arizona Corrections Officers
- Retirement Plan Members
- Spouses of Retired Members
- Children of Retired Members
- Guardians and Custodians of Dependent Children
Bill text
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1 on record
Primary sponsor
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