Bill Text: AZ HB2138 | 2016 | Fifty-second Legislature 2nd Regular | Introduced
Bill Title: Technical correction; annuity; deferred compensation
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-05-05 - Introduced in House and read first time [HB2138 Detail]
Download: Arizona-2016-HB2138-Introduced.html
|
REFERENCE TITLE: technical correction; annuity; deferred compensation |
|
State of Arizona House of Representatives Fifty-second Legislature Second Regular Session 2016
|
|
HB 2138 |
|
|
|
Introduced by Representative Brophy McGee
|
AN ACT
amending section 38‑874, Arizona Revised Statutes; relating to retirement.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 38-874, Arizona Revised Statutes, is amended to read:
38-874. Effect of participation
A. Any benefits provided pursuant to the provisions of this article shall be in addition to any other benefits provided by law for any employees of this state and shall be supplemental to the provisions of the state retirement system provided pursuant to title 38, chapter 5, article 2 of this chapter.
B. Any income deferred under a plan established pursuant to this article shall be included as regular compensation for the purpose of computing the retirement and pension benefits earned by any employee participating in such plan.
