The proposed bill, if enacted, would amend current statutes regarding participation in the Arizona State Retirement System (ASRS) supplemental employee deferral plan. Currently, employees who are eligible to participate in a public retirement system are not allowed to participate in the supplemental deferral plan. The bill would change this language to state that employees are participating in a public retirement system, thereby clarifying that only those actively participating in such systems are ineligible for the supplemental plan. Additionally, the bill introduces a new provision stating that an employee of a political subdivision or entity participating in a public retirement system is not eligible to participate in the supplemental employee deferral plan. This change aims to ensure that employees of political subdivisions who are part of the ASRS are clearly defined as ineligible for the supplemental plan if they are also participating in the Public Safety Personnel Retirement System (PSPRS) or other specified retirement systems.

Statutes affected:
Introduced Version: 38-781
House Engrossed Version: 38-781