Arizona Laws 38-844.10. Deferred retirement option plan; employer; extension approval
Current as of: 2024 | Check for updates
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(Rpld. 1/1/28)
Terms Used In Arizona Laws 38-844.10
- Service: means the last period of continuous employment of an employee by the employers before the employee's retirement, except that if such period includes employment during which the employee would not have qualified as a member had the system then been effective, such as employment as a volunteer firefighter, then only twenty-five percent of such noncovered employment shall be considered as service. See Arizona Laws 38-842
- System: means the public safety personnel retirement system established by this article. See Arizona Laws 38-842
Notwithstanding the age and service requirements prescribed in Section 38-844.03, an employer may approve, for a member of the public safety personnel retirement system who is participating in the deferred retirement option plan on the effective date of this section, an extension of the member’s period of participation for up to an additional twenty-four months.