ARIZONA HOUSE OF REPRESENTATIVES

Fifty-seventh Legislature

First Regular Session

House: WM DP 7-1-0-1 | 3rd Read DP 58-1-1-0-0

Senate: FIN DP 7-0-0-0 | 3rd Read 28-1-1-0

Chapter 262

☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note

HB 2034: ASRS; supplemental employee deferral plan

Sponsor: Representative Livingston, LD 28

Signed by the Governor

Overview

Outlines that public employees can participate in the Arizona State Retirement System (ASRS) supplemental employee deferral plan if they are not participating in the Public Safety Personnel Retirement System (PSPRS).

History

Employees of an ASRS employer are unable to participate in a supplemental employe deferral plan if they are eligible to participate in a PSPRS plan (A.R.S. § 38-781).

PSPRS is a retirement system for Arizona public safety personnel who are regularly assigned hazardous duty (A.R.S. § 38-841).

Provisions

1.   Changes eligible to participate to participating. (Sec. 1)

2.   Outlines that employees of political subdivisions, which participate in ASRS, are ineligible to participate in supplemental employee deferral plans if they are participating in PSPRS. (Sec. 1)

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6.                     HB 2034

7.   Initials VP/DD    Page 0 Signed by the Governor

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