Ariz. Rev. Stat. § 38-823

Current through L. 2024, ch. 259
Section 38-823 - Discount rate; service purchase; transfer of service credits
A. Beginning July 1, 2017, the discount rate specified in subsection B of this section applies to service purchases or transfers of service credits to the plan pursuant to the following sections:
1. Section 38-816, subsection C.
2. Section 38-820, subsection A or B.
3. Section 38-821.
4. Sections 38-921, 38-922, 38-923 and 38-924.
B. The discount rate is an amount equal to the assumed rate of return that is prescribed by the board.

A.R.S. § 38-823

Amended by L. 2019, ch. 38,s. 4, eff. 4/1/2019.
Added by L. 2016, ch. 90,s. 3, eff. 8/5/2016.