Arizona § 38-867.02 Trustee-to-trustee transfers from system; definitions

Arizona Statutes

§ 38-867.02 — Trustee-to-trustee transfers from system; definitions

Arizona § 38-867.02

Title 38Arizona Revised Statutes

Ch. 5SOCIAL SECURITY AND RETIREMENT

Art. 4.Public Safety Personnel Defined Contribution Retirement Plan

This text of Arizona § 38-867.02 (Trustee-to-trustee transfers from system; definitions) 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. § 38-867.02 (2026).

Text

A. A trustee-to-trustee transfer made pursuant to section 38-844.06, subsection C shall be deposited in a separate transfer account established on behalf of the participant and made immediately available for the participant's beneficiary to either withdraw all or any portion of the deposited monies or directly transfer all or any portion of the monies to an eligible retirement plan in accordance with section 401(a)(31) of the internal revenue code. B. For the purposes of this section: 1. "Beneficiary" means the person designated as the beneficiary of a participant's deferred retirement option plan participation account pursuant to section 38-844.07. 2. "Participant" means a member as defined in section 38-842, paragraph 31, subdivision (a), item (vi) or (b), who has both:

(a)Elected t

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A. A trustee-to-trustee transfer made pursuant to section 38-844.06, subsection C shall be deposited in a separate transfer account established on behalf of the participant and made immediately available for the participant's beneficiary to either withdraw all or any portion of the deposited monies or directly transfer all or any portion of the monies to an eligible retirement plan in accordance with section 401(a)(31) of the internal revenue code.

B. For the purposes of this section:

1. "Beneficiary" means the person designated as the beneficiary of a participant's deferred retirement option plan participation account pursuant to section 38-844.07.

2. "Participant" means a member as defined in section 38-842, paragraph 31, subdivision (a), item (vi) or (b), who has both:

(a) Elected to enter into the deferred retirement option plan established by section 38-844.02.

(b) Died while a participant in the deferred retirement option plan.

3. "Separate transfer account" means a fully vested and nonforfeitable separate account under the defined contribution plan established by the trustee in accordance with subsection A of this section.