Arizona Laws 38-739. Credited service
A. A member shall not earn more than one year of credited service in any fiscal year.
Terms Used In Arizona Laws 38-739
- ASRS: means the Arizona state retirement system established by this article. See Arizona Laws 38-711
- Contract: A legal written agreement that becomes binding when signed.
- Credited service: means , subject to section 38-739, the number of years standing to the member's credit on the books of ASRS during which the member made the required contributions. See Arizona Laws 38-711
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Fiscal year: means the period from July 1 of any year to June 30 of the following year. See Arizona Laws 38-711
- Month: means a calendar month unless otherwise expressed. See Arizona Laws 1-215
- Service year: means fiscal year, except that:
(a) If the normal work year required of a member is less than the full fiscal year but is for a period of at least nine months, the service year is the normal work year. See Arizona Laws 38-711
B. A member shall earn proportionate credited service for each month for which the member performs service and is compensated equal to the ratio that the month bears to the number of months in the member’s service year.
C. If a member is compensated for less than a full service year, the member shall earn credited service equal to the ratio that the number of months actually compensated bears to the number of months in the full service year.
D. If a member holds two or more concurrent contracts in any fiscal year, credited service shall be determined on the basis of the terms of the contract with the longest term.
E. Members on sabbatical leave for which they are paid on a full or partial basis shall make appropriate contributions while on sabbatical leave and are considered to be employed full time.
F. The following years of service are excluded from credited service under this article:
1. Years of prior service. For the purposes of this paragraph, "prior service" has the same meaning prescribed in section 38-772.
2. Years in which the member made contributions to the defined contribution program administered by ASRS or the Arizona teachers’ retirement system before membership in the defined contribution program administered by ASRS and for which those contributions were subsequently withdrawn and paid to the member.