All Roll Calls
Yes: 104 • No: 3
ArizonaHB 2080Fifty-seventh Legislature - First Regular SessionHouseWALLET
public retirement systems; administration
Sponsored By: Walt Blackman (Republican)
Signed by Governor
administrationboard of trusteesemployer contributionsindependent trust fundlimitationsmember contributionspublic officers and employees - title 38public retirement systems
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Bill Overview
Analyzed Economic Effects
6 provisions identified: 3 benefits, 1 costs, 2 mixed.
More plan access for state officials
The defined-contribution plan option includes state elected officials who were subject to term limits. It also includes exempt state officers and employees who chose the plan option in effect on August 6, 1999. Qualifying members who develop a total disability can receive benefits under the separate disability plan.
Limits on public workers' credited service
The plan can credit no more than 12 months of service for work in any one year. Local board rules apply. Service generally does not count when a member is not in a designated position, except under the stated statutory exceptions.
Pension rules for returning public retirees
Retirees who return to a designated job with their former employer at least six months after retiring can keep their pension, but cannot add service or make contributions. Returning sooner suspends pension payments until the job ends. For retirees who retired on or after July 1, 2009, some payments during reemployment count as overpayments; the board can limit repayment when it finds no intent to evade the rules. A qualified retiree who later becomes an elected official is not treated as reemployed by the former employer.
Public workers can restore lost service
A former member who returns to the same employer within two years can restore forfeited service by applying within 90 days. They must repay the withdrawn amount plus 9% annual compound interest within one year of returning. An active member who returns after two or more years, or joins another employer, can redeem some forfeited service by paying the withdrawn amount plus an actuarially set amount.
More rollover options for retirement beneficiaries
A nonspouse beneficiary can move an eligible payment directly into an inherited retirement account, subject to federal rollover, notice, and withholding rules. For plan years beginning after December 31, 2006, rollover notices must arrive 30 to 180 days before a distribution. For plan years before January 1, 2007, the notice period is 30 to 90 days.
More stock choices for retirement board
The public safety retirement board can directly buy certain stocks and exchange-traded funds for a commingled investment without some usual market-eligibility limits. The change gives the board more investment choices but does not promise gains or change members' benefit formulas.
Sponsors & Cosponsors
Sponsor
Walt Blackman
Republican • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 5/6/2025
THIRD: Passed
Yes: 25 • No: 3
House vote • 3/17/2025
DP
Yes: 6 • No: 0
House vote • 3/5/2025
THIRD: Passed
Yes: 58 • No: 0
House vote • 2/25/2025
C&P
Yes: 7 • No: 0
House vote • 2/5/2025
DP
Yes: 8 • No: 0
Actions Timeline
Third Reading: Passed
5/6/2025Houseundefined: PFC
3/24/2025Houseundefined: DP
3/17/2025HouseThird Reading: Passed
3/5/2025HouseCommittee of the Whole: do pass amended
3/3/2025HouseCommittee of the Whole: Retained on the Calendar
2/26/2025Houseundefined: C&P
2/25/2025Houseundefined: DP
2/5/2025House
Bill Text
Chaptered Version
House Engrossed Version
Introduced Version