The proposed bill would amend current statutes related to the Arizona State Retirement System (ASRS) by allowing state elected officials who achieve a normal retirement date through employment outside of their elected position to retire without having to resign from that position. Specifically, it introduces new language that states, "A member who is a state elected official and who attains a normal retirement date through employment other than as a state elected official may retire at any time without resigning the member's position as a state elected official." This provision aims to provide greater flexibility for elected officials regarding their retirement options.

Additionally, the bill specifies that such a member who retires under this new provision will be considered a retired member as of the date of retirement. It also requires the ASRS employer to pay the alternate contribution rate on behalf of the retired state elected official. The bill makes conforming changes to ensure consistency with these new provisions and will take effect on the general effective date. Overall, these updates aim to enhance the retirement process for state elected officials while maintaining their elected roles.

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