Code · Arizona · Title 38 — Public Land

38-823. Discount rate; service purchase; transfer of service credits

74 words·~1 min read·/az/title-38/38-823

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

A. Beginning July 1, 2017, the discount rate specified in subsection B of this section applies to service purchases or transfers of service credits to the plan pursuant to the following sections:

1. Section 38-816, subsection C.

2. Section 38-820, subsection A or B.

3. Section 38-821.

4. Sections 38-921, 38-922, 38-923 and 38-924.

B. The discount rate is an amount equal to the assumed rate of return that is prescribed by the board.