Arizona HB2089 amends the Arizona State Retirement System to adjust premium payments for health and accident insurance.
Arizona HB2089 modifies the Arizona State Retirement System (ASRS) to change how premium payments for health and accident insurance are handled. The bill specifies that the board cannot use ASRS funds for anything other than providing benefits and administering costs unless ASRS liabilities are satisfied. If liabilities are met, remaining funds must be returned. The bill also details how much of the full benefit a retired member is entitled to based on their years of credited service.
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