AZ HB2104

Adds new section 38-739.01 allowing employees in positions exempt from ASRS membership to retain credited service for periods when employers remitted ASRS contributions on their behalf, consistent with IRS compliance requirements.

Amends section 38-766.01 to permit state elected officials subject to term limits to return to work and receive retirement benefits without meeting the 365-day employment termination requirement.

Modifies section 38-766.02 to require employers to pay contributions at an alternate rate (minimum 2 percent) for retired members who return to work, with the rate determined annually by the ASRS actuary.

Applies amendments to sections 38-766.01 and 38-766.02 retroactively from June 30, 2015.

Declares the act an emergency measure operative immediately.