Arizona § 38-823 Discount rate; service purchase; transfer of service credits

Arizona Statutes

§ 38-823 — Discount rate; service purchase; transfer of service credits

Arizona·Title 38 Arizona Revised Statutes·Ch. 5 SOCIAL SECURITY AND RETIREMENT·Art. 3 Elected Officials' Retirement Plan

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.

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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.

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