This bill proposes to amend section 38-852.01 of the Arizona Revised Statutes, specifically updating the effective date for certain provisions regarding the public safety personnel retirement system. The current law states that benefits received under this article or prior retirement systems shall not be reduced due to payments from the federal old age and survivors insurance system, with the effective date being unspecified.
The bill would insert a specific effective date of April 29, 1973, clarifying when the protections against benefit reductions take effect. Additionally, it removes the phrase "now or hereafter," streamlining the language to focus on the benefits as they relate to the specified date. Overall, the changes aim to provide clearer legal language while maintaining the existing protections for retirement benefits.
Statutes affected: Introduced Version: 38-852.01