PREFILED    JAN 04 2012

REFERENCE TITLE: ASRS; member's status; information

State of Arizona House of Representatives Fiftieth Legislature Second Regular Session 2012

HB 2050

Introduced by Representative Robson

 

AN ACT

 

amending section 38‑755, Arizona Revised Statutes; relating to the arizona state retirement system.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Section 38-755, Arizona Revised Statutes, is amended to read:

START_STATUTE38-755.  Information as to member's status; spousal notification

A.  Subject to rules prescribed by the board, on application of a member, the board shall furnish information concerning the member's status. In addition, the board shall annually furnish to each member an account statement, which may be electronic or online, showing the status of the member's account including the name of the member's beneficiary as last listed with the board.  

B.  The member may change the member's beneficiary at any time pursuant to rules adopted by the board and on forms furnished by the board ASRS.

C.  A member shall notify the member's current spouse before the member names a beneficiary other than the member's current spouse or before the member changes the member's beneficiary if the member's current spouse is the beneficiary at the time of the change. END_STATUTE