Loading chat...

AZ HB2769

Bill

Status

Introduced

2/3/2012

Primary Sponsor

Lynne Pancrazi

Click for details

Origin

House of Representatives

Fiftieth Legislature - Second Regular Session (2012)

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

Full Bill Text

No bill text available