Arizona 2025 2025 Regular Session

Arizona House Bill HB2034 Comm Sub / Analysis

Filed 02/06/2025

                      	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