ASRS; retirement; elected officials

This bill changes rules for retired members of the Arizona State Retirement System (ASRS) who return to work. It allows members who have reached normal retirement age to retire without ending their employment if they work fewer hours than required for active membership, or if they are elected officials. Employers of these members would pay an alternate contribution rate to ASRS. The bill also clarifies how and when retired members can return to work while still receiving benefits, and how employers contribute for these returning retirees.

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