REFERENCE TITLE: ASRS; retention of credited service

State of Arizona House of Representatives Fifty-second Legislature Second Regular Session 2016

HB 2104

Introduced by Representative Lovas

 

AN ACT

 

amending title 38, chapter 5, article 2, arizona revised statutes, by adding section 38‑739.01; Relating to the Arizona state retirement system.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Title 38, chapter 5, article 2, Arizona Revised Statutes, is amended by adding section 38‑739.01, to read:

38‑739.01  Credited service retention

Consistent with the compliance statement issued by the United States internal revenue service, an employee who is employed with an ASRS employer in a position that was exempt from ASRS membership because the position was not included in agreements providing for the employee's coverage under the federal old‑age and survivors insurance system but on whose behalf the employer has remitted ASRS contributions shall retain credited service for the period of employment for which the employer remitted ASRS contributions on the employee's behalf.

Sec. 2.  Emergency

This act is an emergency measure that is necessary to preserve the public peace, health or safety and is operative immediately as provided by law.