38-805.01. Resignation; time frame; normal retirement pension; reemployment; employer contributions

205 words·~1 min read·/az/title-38/38-805-01

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. Notwithstanding any age and service requirement specified in section 38-805, an elected official who is a member of the elected officials' retirement plan and who gives an irrevocable notice of resignation on or before July 29, 2022 with a date of resignation and retirement of not later than September 30, 2022 may receive pension payments for normal retirement as specified in section 38-808 if the member meets either of the following:

1. Has attained fifty-five years of age with ten years of credited service.

2. Has attained fifty-nine and one-half years of age with five years of credited service.

B. Notwithstanding the reemployment provisions of section 38-804, a member who retires pursuant to this section and who subsequently becomes an elected official may not:

1. Make contributions to the plan.

2. Accrue credited service under the plan while the retired member is holding office.

3. Participate in the elected officials' defined contribution retirement system established pursuant to article 3.1 of this chapter.

C. If a member retires pursuant to this section and subsequently becomes an elected official, regardless of when the retired member returns to work, the employer shall pay contributions at an alternate contribution rate as required and calculated pursuant to section 38-810.04.