Terms Used In Arizona Laws > Title 48 > Chapter 1 > Article 7 - District Employees' Retirement Plans

• Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
• Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
• Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
• Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• Compensation: means money paid to an employee of a district for services in the form of a fixed salary or wages at the end of established pay periods, which, in the case of employees with fluctuating rates of pay, shall be considered as being the guaranteed rate of pay, and which, in the case of employees with dual rates, shall be for the primary occupation. See Arizona Laws 48-221
• Contract: A legal written agreement that becomes binding when signed.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• District: means an irrigation district, drainage district, flood control district, agricultural improvement district, electrical district, or power district organized pursuant to the laws of this state. See Arizona Laws 48-221
• District contributions: means sums of money paid by a district to finance a retirement plan. See Arizona Laws 48-221
• Employee: means a person in the service of a district whose customary employment is for an average of not less than thirty hours a week and for twelve months a year. See Arizona Laws 48-221
• Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
• including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
• Month: means a calendar month unless otherwise expressed. See Arizona Laws 1-215
• Participant: means an employee of a district who is eligible under the provisions of section 48-224 for participation in the retirement plan adopted by a district. See Arizona Laws 48-221
• Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
• Plan: means a retirement plan authorized by section 48-222. See Arizona Laws 48-221
• Prior service: means service for a district by any employee for any period not exceeding twenty-five years immediately prior to the adoption of a retirement plan. See Arizona Laws 48-221
• Process: means a citation, writ or summons issued in the course of judicial proceedings. See Arizona Laws 1-215
• Quorum: The number of legislators that must be present to do business.
• Termination of service: means the cessation of employment of an employee by a district, but service shall not be deemed terminated by reason of any military absence, or any leave of absence or furlough granted by the district. See Arizona Laws 48-221
• Trustee: A person or institution holding and administering property in trust.
• United States: includes the District of Columbia and the territories. See Arizona Laws 1-215