If this bill were to become law, it would amend current statutes regarding the Arizona State Retirement System (ASRS) to allow state elected officials who achieve a normal retirement date through non-elected employment to retire without having to resign from their elected positions. Specifically, it would insert a new provision stating that such members may retire at any time while still holding their elected office, thereby providing greater flexibility for elected officials regarding their retirement options.

Additionally, the bill would clarify that a member who retires under this new provision is considered a retired member as of their retirement date. It would also require ASRS employers to pay the alternate contribution rate on behalf of these retired state elected officials, ensuring that the financial responsibilities associated with their retirement are clearly defined. Overall, the bill aims to modernize the retirement process for elected officials while maintaining their ability to serve in office.

Statutes affected:
Introduced Version: 38-764
Senate Engrossed Version: 38-764