All Roll Calls
Yes: 108 • No: 3
ArizonaHB 2034Fifty-seventh Legislature - First Regular SessionHouseWALLET
ASRS; supplemental employee deferral plan
Sponsored By: David Livingston (Republican)
Signed by Governor
arizona state retirement system (asrs)asrs (see also: arizona state retirement system)public employeespublic officers and employees - title 38supplemental employee deferral plans
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Local workers gain plan access, some excluded
A political subdivision that does not participate in ASRS can sign an agreement to offer its employees the savings plan. But employees who participate in one of the listed Arizona public retirement systems cannot use this plan. These local entities are not ASRS employers and cannot suggest the plan provides other ASRS benefits. ASRS can block new employee enrollment until misleading information is corrected. The entity may separately elect to join ASRS.
Public workers get savings, limited legal recourse
The law lets ASRS run tax-deferred savings plans alongside public employees’ existing pension plans. Employers choose whether to participate, and eligible employees can join under ASRS rules. Starting July 1, 2022, employees whose employers are not eligible for the listed Arizona public retirement systems can also elect to join. Savings come from salary reductions, and employers may contribute if the plan allows. Employee contributions and earnings vest right away; employer contributions vest under the employer’s schedule or ASRS’s default schedule. The law shields the state and ASRS from civil liability for acts or omissions tied to these plans.
Sponsors & Cosponsors
Sponsor
David Livingston
Republican • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 6/27/2025
THIRD: Passed
Yes: 28 • No: 1
House vote • 3/3/2025
DP
Yes: 7 • No: 0
House vote • 2/17/2025
THIRD: Passed
Yes: 58 • No: 1
House vote • 2/10/2025
C&P
Yes: 8 • No: 0
House vote • 2/5/2025
DP
Yes: 7 • No: 1
Actions Timeline
Third Reading: Passed
6/27/2025Houseundefined: PFC
3/17/2025Houseundefined: DP
3/3/2025HouseThird Reading: Passed
2/17/2025Houseundefined: C&P
2/10/2025Houseundefined: DP
2/5/2025House
Bill Text
Chaptered Version
House Engrossed Version
Introduced Version