HB 2034: social security; state agency designation |
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PRIME SPONSOR: Representative Livingston, LD 22 BILL STATUS: Banking & Insurance
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Relating to Social Security.
Provisions
1. Allows the Governor to designate a state agency as the Social Security administrator for Arizona under the Federal Old-Age and Survivors Insurance System. (Sec. 1)
2. Retains all rules adopted by the ASRS Board until amended by the state agency that is designated by the Governor to serve as Social Security administrator for Arizona. (Sec. 2)
Current Law
The Governor may enter into an agreement with the Commissioner of Social Security for the purpose of extending the benefits of the Federal Old-Age and Survivors Insurance System to employees of Arizona or any political subdivision. The agreement may contain provisions relating to coverage, benefits, contributions, effective date, modification of the agreement, notification of dissolution of entities, administration and other appropriate provisions (A.R.S. § 38-702).
The ASRS Board is the state agency designated as the Social Security administrator for Arizona (A.R.S. § 38-701). Duties of the administrator include: a) Approving benefit plans submitted by political subdivisions; and b) Adopting rules for administrating duties (A.R.S. §§ 38-703, 38-704). The state agency may conduct studies concerning the problem of the Old-Age and Survivors Insurance protections for employees and the operation of agreements made and plans approved. Additionally, the state agency is allowed to submit a report to the legislature on the administration and operation of the preceding calendar year (A.R.S. § 38-705).
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Fifty-third Legislature HB 2034
Second Regular Session Version 1: Banking & Insurance
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