Loading chat...
AZ HB2769
Bill
Status
2/3/2012
Primary Sponsor
Lynne Pancrazi
Click for details
AI Summary
-
Amends Arizona Revised Statutes section 38-711 to modify the normal retirement date definition for Arizona State Retirement System (ASRS) members whose membership commenced on or after July 1, 2011.
-
Replaces the requirement of a member's fifty-fifth birthday with thirty years of credited service with a new provision allowing retirement when the sum of a member's age and years of total credited service equals eighty-five.
-
Applies retroactively to June 30, 2011, meaning the change takes effect as of that date for eligible ASRS members.
-
Maintains existing early and normal retirement options for members, including retirement at age sixty-five, age sixty-two with ten years of service, and age sixty with twenty-five years of service.
Legislative Description
ASRS; new members; eighty-five points
Last Action
Introduced
2/3/2012