Bill > HB2080

This bill makes several amendments to Arizona's public retirement systems statutes, focusing on clarifying and updating provisions related to retirement plans for elected officials and public employees. The changes primarily involve modifying language around contribution systems, reemployment rules, and retirement plan definitions. Specifically, the bill makes technical edits such as changing "per cent" to "percent" throughout the text, expanding definitions of reemployment to include contracted or leased positions, and adding a new category of eligible group for state elected officials who were subject to term limits. The bill also updates provisions regarding pension suspension when a retired member is reemployed, refund and service credit restoration processes, and the composition of retirement system boards and advisory committees. These amendments aim to provide more precise language and flexibility in managing public retirement systems, ensuring clarity for members, employers, and administrators while maintaining the overall structure of existing retirement plans.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/81747