Arizona § 38-844.02 Deferred retirement option plan for employees hired before January 1, 2012; purpose

Arizona Statutes

§ 38-844.02 — Deferred retirement option plan for employees hired before January 1, 2012; purpose

Arizona § 38-844.02

Title 38Arizona Revised Statutes

Ch. 5SOCIAL SECURITY AND RETIREMENT

Art. 4Public Safety Personnel Retirement System

This text of Arizona § 38-844.02 (Deferred retirement option plan for employees hired before January 1, 2012; purpose) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 38-844.02 (2026).

Text

A.A deferred retirement option plan is established for those employees who become members of the system before January 1, 2012. The purpose of the deferred retirement option plan is to add flexibility to the system and to provide members who elect to participate in the deferred retirement option plan access to a lump sum benefit in addition to their normal monthly retirement benefit on actual retirement.

B.The board shall offer the deferred retirement option plan to members on a voluntary basis as an alternative method of benefit accrual under the system.

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A. A deferred retirement option plan is established for those employees who become members of the system before January 1, 2012. The purpose of the deferred retirement option plan is to add flexibility to the system and to provide members who elect to participate in the deferred retirement option plan access to a lump sum benefit in addition to their normal monthly retirement benefit on actual retirement.

B. The board shall offer the deferred retirement option plan to members on a voluntary basis as an alternative method of benefit accrual under the system.