HB 2305 Summary

• Amends Arizona Revised Statutes Section 38-874 relating to retirement benefits and deferred compensation plans.

• Clarifies that benefits under the deferred compensation plan are supplemental to state retirement system benefits provided in "article 2 of this chapter" rather than the previous reference to "title 38, chapter 5, article 2."

• Confirms that income deferred under a deferred compensation plan shall be counted as regular compensation when calculating retirement and pension benefits for participating employees.

• Makes a technical correction to statutory cross-references for accuracy and consistency within the Arizona Revised Statutes.