The proposed bill would amend current Arizona statutes regarding the Arizona State Retirement System (ASRS) to allow elected officials who reach their normal retirement date to retire without resigning from their elected positions. Specifically, it would insert provisions that clarify that these officials can retire at any time while still serving in their roles, and that their retirement is effective as of the date they retire. Additionally, it would require ASRS employers to pay an alternate contribution rate on behalf of these retired officials and any member who retires without terminating their employment.

The bill also specifies that the period of employment after retirement for these elected officials is not eligible for service purchase, and they will not earn service credit or be eligible for long-term disability benefits while retired. Furthermore, if a retired elected official takes on a non-elected position requiring contributions to ASRS, they must either terminate that employment or reduce their hours to below the threshold for active membership. Overall, the bill aims to provide more flexibility for elected officials in managing their retirement while still serving in office.

Statutes affected:
Introduced Version: 38-764, 38-766.01, 38-766.02, 38-782, 38-783, 38-767, 38-775, 38-711, 38-766, 38-743, 38-744, 15-536, 15-538, 15-538.01, 15-539, 15-540, 15-541, 15-542, 15-543, 38-736, 38-737, 38-797.05, 15-1628
House Engrossed Version: 38-764, 38-766.01, 38-766.02, 38-782, 38-783, 38-767, 38-775, 38-711, 38-766, 38-743, 38-744, 15-536, 15-538, 15-538.01, 15-539, 15-540, 15-541, 15-542, 15-543, 38-736, 38-737, 38-797.05, 15-1628