The proposed bill would amend current statutes regarding the Arizona State Retirement System (ASRS) to allow 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 permits these officials to retire at any time while still holding their elected office, thereby providing greater flexibility for elected officials in managing their retirement.

Additionally, the bill specifies that a state elected official who retires under this provision will be considered a retired member as of their retirement date. It also mandates that the ASRS employer must 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.

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