Arizona Revised Statutes - Title 38 Public Officers and Employees - Section 38-905.03 Ad hoc increase in retirement benefits; analysis by the joint legislative budget committee
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38-905.03. Ad hoc increase in retirement
benefits; analysis by the joint legislative budget
committee
From and after December 31, 2015, the legislature may enact permanent one-time
increases in retirement benefits for eligible retirees and survivors of the plan after an
analysis of the effect of the increase on the plan by the joint legislative budget
committee. The joint legislative budget committee shall analyze the effect of the
permanent benefit increase considering the funded status of the plan, the length of time
since the last benefit increase, the increase in the cost of living since the last
increase, the current economic condition of this state, recent investment performance of
the plan, the overall view of the economy and market and the total cost of the benefit
increase to the plan.
Sections: 38-901 38-902 38-903 38-904 38-905 38-905.01 38-905.02 38-905.03 38-905.04 38-906 38-907 38-908 38-909 38-910 38-911
Last modified: February 20, 2012
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