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AZ HB2225
Bill
Status
1/22/2013
Primary Sponsor
Lela Alston
Click for details
AI Summary
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Amends Arizona Revised Statutes Section 38-711 to modify the normal retirement date definition for ASRS members whose membership commenced on or after July 1, 2011.
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Replaces the previous 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.
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Applies retroactively to and after June 30, 2011, affecting members who joined the Arizona State Retirement System on or after July 1, 2011.
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Maintains other existing normal retirement date options including 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; eightyfive points
Last Action
Referred to House IR Committee
1/23/2013