Ariz. Admin. Code § 2-8-127

Current through Register Vol. 30, No. 45, November 8, 2024

Section R2-8-127 - Re-Retirement Application

A. The definitions in R2-8-126 apply to this section.

B. If a member has previously retired from ASRS, the member may re-retire from ASRS by submitting a Re-Retirement Application to the ASRS that contains:

1. The information identified in R2-8-126(B)(1) through (B)(8);

2. The retirement option the member is electing, if the member suspended the member's annuity from the member's previous retirement from ASRS and returned to work for 60 consecutive months or more according to A.R.S. § 38-766(C);

3. The information identified in R2-8-126(B)(11);

4. Whether the member is electing the Optional Health Insurance Premium Benefit, if the member suspended the member's annuity from the member's previous retirement from ASRS and returned to work for 60 consecutive months or more according to A.R.S. § 38-766(C);

5. The information identified in R2-8-126(B)(13), if the member suspended the member's annuity from the member's previous retirement from ASRS and returned to work for 60 consecutive months or more according to A.R.S. § 38-766(C);

6. Acknowledgement of the following statements of understanding:

a. The member's signature confirms the member's intent to re-retire and applies to all the sections included in the Re-Retirement Application.

b. The member understands that as a re-retiree, the member must keep the same retirement option and beneficiary the member elected when the member previously retired from ASRS, unless the member returned to active membership for 60 consecutive months or more according to A.R.S. § 38-766(C);

c. The member may change the member's beneficiary after re-retiring and changing the beneficiary may change the member's monthly annuity;

d. The member has complied with A.R.S. §§ 38-755 and 38-766 regarding spousal consent;

e. The member certifies that the member has read and understands the instructions and Special Tax Notice Regarding Plan Payments;

f. The member authorizes ASRS and the banking institution the member listed for direct deposit to debit the member's account for the purpose of correcting errors and returning any payments inadvertently paid after the member's death;

g. The member understands that any person who knowingly makes any false statement with the intent to defraud ASRS is guilty of a Class 6 felony in accordance with A.R.S. § 38-793; and

h. The member understands that if an overpayment exists, the ASRS shall collect the remaining overpayment amount according to 2 A.A.C. 8, Article 8 and all repayment plans previously established with the ASRS LTD claims administrator shall cease.

7. The member's notarized signature.

C. If the retirement date the member elects according to R2-8-126(B)(6) is not allowed, the ASRS shall change the retirement date to the earliest eligible date according to A.R.S. 38-764(A), unless the member is not eligible to retire.

Ariz. Admin. Code § R2-8-127

Adopted by final rulemaking at 26 A.A.R. 2036, effective 11/8/2020.