AZ SB1173

Employees hired on or after July 1, 2017 in public safety personnel positions have 90 days to elect between the defined benefit system or defined contribution retirement plan, with automatic enrollment in the system if no election is made.

Employees hired on or after July 1, 2018 in designated positions (probation and surveillance officers) must receive interactive educational training about both the corrections officer retirement plan and defined contribution plan options during their first 60 days of employment.

Rehired employees who were previously active or inactive members may restart their original elected plan upon rehire, with up to 90 days to make a new election if transitioning to an eligible position.

Changes penalty calculation for late contributions to the disability program from daily compounding to annual compounding at ten percent per annum.

Reduces the minimum retirement period required before a retired member can return to work from 12 consecutive months to 6 consecutive months.