Loading chat...

AZ HB2225

Bill

Status

Introduced

1/22/2013

Primary Sponsor

Lela Alston

Click for details

Origin

House of Representatives

Fifty-first Legislature - First Regular Session (2013)

AI Summary

  • 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.

  • 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.

  • Applies retroactively to and after June 30, 2011, affecting members who joined the Arizona State Retirement System on or after July 1, 2011.

  • 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

Full Bill Text

No bill text available