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Arizona Revised Statutes Title 38. Public Officers and Employees § 38-772. Prior service under defined contribution program administered by ASRS; definitions

Current as of January 01, 2025 | Updated by Findlaw Staff

A. Amounts required of employers as provided in § 38-737, subsections A and B are in addition to any payments required of employers on behalf of prior service credits under the defined contribution program administered by ASRS arising from members of ASRS. Payments made to ASRS on behalf of members with those prior service credits shall reduce by that amount the payments required to be paid to the defined contribution program administered by ASRS for those prior service credits.

B. Notwithstanding § 38-757, subsection B, any prior service credits to which the member was entitled under the defined contribution program administered by ASRS shall be added to the product of § 38-757, subsection B, paragraphs 1 and 2.

C. For the purposes of this section:

1. “Prior service” means service for this state or a political subdivision of this state before membership in the defined contribution program administered by ASRS.

2. “Prior service credits” means the amount that is allowed for services before membership in the defined contribution program administered by ASRS and that is payable as a retirement benefit.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 38. Public Officers and Employees § 38-772. Prior service under defined contribution program administered by ASRS; definitions - last updated January 01, 2025 | https://codes.findlaw.com/az/title-38-public-officers-and-employees/az-rev-st-sect-38-772/

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