|
|
ARIZONA HOUSE OF REPRESENTATIVES57th Legislature, 2nd Regular Session |
|
|
HB 2092: ASRS; eligibility waiver
Sponsor: Representative Livingston, LD 28
Committee on Ways & Means
Overview
Allows a person to waive participation in the Arizona State Retirement System (ASRS) after age 65 within 30 days after becoming eligible to participate in the ASRS.
History
A person may elect not to participate in ASRS if the person becomes employed by an ASRS employer after the person has attained at least 65 years of age, is not an active member, inactive member, retired member or receiving benefits pursuant to Long-Term Disability Program and does not have any credited service or prior service in ASRS. The employee must make the election not to participate in writing and file the election with ASRS within 30 days after employment. The election not to participate is irrevocable for the remainder of the person's employment for which the person made the election and constitutes a waiver of all benefits provided by ASRS (A.R.S. § 38-727).
Provisions
1. Allows a person to waive participation in the Arizona State Retirement System (ASRS) after age 65 within 30 days after becoming eligible to participate in the ASRS. (Sec.1)
---------- DOCUMENT FOOTER ---------
Initials VP/CS HB 2092
1/26/2026 Page 0 Ways & Means
---------- DOCUMENT FOOTER ---------