This bill proposes updates to section 38-727 of the Arizona Revised Statutes regarding participation in the Arizona State Retirement System (ASRS). The current law allows individuals who are at least sixty-five years old and not currently active, inactive, or retired members of ASRS to elect not to participate in the system if they become employed by an employer eligible for ASRS. The bill clarifies the language by replacing "employed by an employer" with "eligible to participate in ASRS" and similarly modifies the phrasing around the timing of the election to ensure consistency.

Additionally, the bill makes several deletions to streamline the language, such as removing references to "employment" and "the Arizona state retirement system," replacing them with "becoming eligible to participate in ASRS" and "ASRS," respectively. These changes aim to simplify the statute while maintaining the original intent, ensuring that the election not to participate remains irrevocable and that the period of work is not eligible for purchase under specified sections.

Statutes affected:
Introduced Version: 38-727