AZ SB1530

Amends Arizona Revised Statutes Section 38-766.02 regarding the Arizona State Retirement System (ASRS) return to work program for retired members.

Requires employers to pay alternate contribution rates on behalf of retired members who return to work, with the rate determined annually by the ASRS actuary and never less than 2 percent.

Exempts employers from paying alternate contribution rates when a retired member works as a substitute employee or fills a position already occupied by an active or retired member for whom contributions are being paid (unless the substitute is filling a vacant position).

Allows employers to request credits or refunds within 90 days after the fiscal year ends if it is determined that the alternate contribution rate should not have been paid for a retired member.

Defines "contract fee" as gross amount paid to independent contractors minus up to 10 percent administrative fee, and "gross salary" as gross compensation paid by leasing companies including deferred compensation or tax shelter amounts.