HB 2034 Initials VP/DD Page 1 Caucus & COW ARIZONA HOUSE OF REPRESENTATIVES Fifty-seventh Legislature First Regular Session House: WM DP 7-1-0-1 HB 2034: ASRS; supplemental employee deferral plan Sponsor: Representative Livingston, LD 28 Caucus & COW Overview Outlines that public employees can participate in the Arizona State Retirement System (ASRS) supplemental employee deferral plan if they are not participating in the Public Safety Personnel Retirement System (PSPRS). History Employees of an ASRS employer are unable to participate in a supplemental employe deferral plan if they are eligible to participate in a PSPRS plan (A.R.S. § 38-781). PSPRS is a retirement system for Arizona public safety personnel who are regularly assigned hazardous duty (A.R.S. § 38-841). Provisions 1. Changes eligible to participate to participating. (Sec. 1) 2. Outlines that employees of political subdivisions, which participate in ASRS, are ineligible to participate in supplemental employee deferral plans if they are participating in PSPRS. (Sec. 1) ☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note