state employees; retirement
contributions; withdrawal
dpa |
Committee on Government Operations |
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DP |
Committee on Government Reform |
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X |
Caucus and COW |
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As Passed the House |
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HB 2008 allows an Arizona State Retirement System (ASRS) member, a Public Safety Personnel Retirement System (PSPRS) member and a Corrections Officer Retirement Plan (CORP) member who leaves employment due to the privatization of the member’s position to withdraw the member’s and employer’s retirement contributions.
ARS §41-763.03 provides for a voluntary separation program for permanent status employees in positions scheduled for elimination due to a reduction in force (RIF) or in the same job classification in the same agency as position scheduled for elimination due to a RIF.
The procedures provide for severance compensation and up to six months after separation the ability of an employee to remain eligible for shared premium payments for health, dental and life insurance programs in which they were enrolled at the time of the separation. Employees are not eligible to receive the severance package if they retire, or if they accept other public employment and are offered an employer sponsored insurance program.
Currently, there are no provisions in law that allow a member who leaves employment due solely to the privatization of the member’s position or job function to receive a retirement severance which consists of the member’s contributions and the employer’s contributions.