reglab/housing_qa huggingface dataset:
AZ Rev Stat § 38-924 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-924 - Transfer of service credits

38-924.  Transfer of service credits A. Service credits qualified pursuant to section 38-923 may be transferred pursuant to this section. B. In the case of a member whose contributions remain on deposit with the prior retirement system or plan,  the following shall occur: 1. The prior system or plan shall determine the amount of the member s accumulated contribution account balance under the prior system or plan plus accumulated interest as determined by the governing body of the system or plan. 2. The system or plan to which the member is transferring shall calculate any increase in the actuarial present value of the projected benefits provided as a result of the transfer of the member's service credits. The actuary of the system or plan to which the service credits are being transferred shall perform this calculation using the actuarial method and assumptions recommended by the actuary and adopted by the governing body of the retirement system or plan. C. If a member decides to transfer:  1. The prior system or plan shall transfer to the present system or plan the amount determined pursuant to subsection B,  paragraph 1 of this section. If the amount calculated in subsection B,  paragraph 2 of this section is greater than the amount determined in subsection B,  paragraph 1 of this section,  the transferring member shall either elect to pay the difference in order to receive all service credits earned under the prior system or plan or to accept a reduced transfer of service credits. If the member elects to pay the difference,  the amount paid shall be added to the member s accumulated contribution account balance. If the member elects to accept a reduced transfer of service credits,  the amount of service credits transferred shall be equal to the amount of service credits earned under the prior system or plan corresponding to the amount determined under subsection B,  paragraph 1 of this section multiplied by the ratio of the amount calculated under subsection B,  paragraph 1 of this section to the amount calculated under subsection B,  paragraph 2 of this section. 2. If the amount calculated in subsection B,  paragraph 2 of this section is less than or equal to the amount determined in subsection B,  paragraph 1 of this section,  the current system or plan shall credit the member with service credits under the current system or plan equal to the service credit earned under the prior system or plan corresponding to the amount determined under subsection B,  paragraph 1 of this section. D. The retirement system or plan shall not apply service credits to the applicant s account until such time as complete payment is made to the retirement system or plan to which the applicant is transferring. On completion of the transfer provided for in this article,  the member s rights in the retirement system or plan from which the member is transferring are extinguished.
AZ Rev Stat § 38-931 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-931 - Definitions

38-931.  Definitions In this article,  unless the context otherwise requires: 1. " Administering and investing" : (a) Means administering,  managing,  operating,  investing and distributing the prefunding plan and its assets,  including accepting,  depositing,  holding,  investing,  reinvesting and transferring the assets of the prefunding plan. (b) Includes employing legal services. 2. " Board"  means the board of trustees of the system. 3. " Defined benefit pension"  means the elected officials' retirement plan established by article 3 of this chapter,  the public safety personnel retirement system established by article 4 of this chapter and the corrections officer retirement plan established by article 6 of this chapter. 4. " Employer"  means an employer as defined in section 38-801,  38-842 or 38-881. 5. " Participating employer"  means an employer that is authorized and has elected to participate in the prefunding plan and whose governing body has entered into a contract with the board as provided in this article. 6. " Prefunding plan"  means the Arizona employers' pension prefunding plan established by this article. 7. " Required pension contributions"  means an employer's unfunded liability and future required contributions under the applicable defined benefit pension,  whether pertaining to a single year or multiple years. 8. " System"  means the public safety personnel retirement system. 9. " Tax-exempt status of the prefunding plan's income"  means that the prefunding plan's income is excluded from gross income for the purposes of the assessment of federal income tax under section 115 of the internal revenue code,  intergovernmental immunity or similar grounds. 10. " Trustee"  has the same meaning prescribed in section 38-848.04.
AZ Rev Stat § 38-932 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-932 - Arizona employers' pension prefunding plan

38-932.  Arizona employers' pension prefunding plan A. The Arizona employers' pension prefunding plan is established as a special trust fund for the purpose of allowing participating employers that provide a defined benefit pension plan to their employees to prefund the employer's required pension contributions.  B. The prefunding plan and the assets held in the prefunding plan are separate and apart from: 1. The public safety personnel retirement fund and any other fund,  program or plan administered by the board.  2. Any pension prefunding plan investment accounts established pursuant to section 35-314.04 or any other section of title 35 and any pension prefunding plan monies in such accounts.  C. The prefunding plan is an integral part of this state and of the political subdivisions of this state,  performs an essential governmental function and is an entity with the power to sue and be sued. The prefunding plan is intended to be structured and administered in a manner that results in the tax-exempt status of the prefunding plan's income.
AZ Rev Stat § 38-933 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-933 - Administration and investment by the board; investment options; administrative costs

38-933.  Administration and investment by the board;  investment options;  administrative costs A. The board shall have the sole and exclusive control of the administration and investment of the prefunding plan. B. The board shall administer and invest the prefunding plan as provided in this article. Notwithstanding any other provision of this title,  the board shall offer each participating employer investment options for monies in the prefunding plan consisting of cost-effective,  diversified investment portfolios in publicly traded investment options that do not exceed the risk and return profiles established by the board,  consistent with the board's fiduciary duty. C. Except as otherwise specified in this article,  the provisions of article 4 of this chapter pertaining to the administration and investment of the system,  including delegation of authority to the administrator and others persons,  supplement this article. D. The board may keep assets of the prefunding plan separate or commingle the assets of the prefunding plan in one or more group trusts,  subject to the crediting of assets,  receipts and earnings and charging of payments to the appropriate employer. E. All assets of and income earned on the prefunding plan shall be credited to the prefunding plan. F. Each participating employer shall pay the reasonable administrative costs as determined by the board in its sole and absolute discretion for the administration and investment of the prefunding plan. The board shall deposit in the prefunding plan all monies received by the board for those administrative costs.
AZ Rev Stat § 38-934 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-934 - Board authorization of employer participation; employer election

38-934.  Board authorization of employer participation;  employer election A. The board,  pursuant to the terms and conditions set by the board,  may authorize an employer to participate in the prefunding plan. B. An employer authorized by the board may elect to participate in the prefunding plan if all of the following occur: 1. The governing body of the employer adopts a resolution requesting to participate in the prefunding plan. 2. The employer submits a written request to participate in the prefunding plan with the resolution to the administrator of the board. 3. The governing body of the employer enters into a contract with the board setting forth the terms and conditions of that employer's participation in the prefunding plan,  including reflecting or incorporating the requirements of this article and addressing funding and expenditures and actuarial,  accounting,  reporting and investment considerations.
AZ Rev Stat § 38-935 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-935 - Transfer of monies by employer

38-935.  Transfer of monies by employer A. The board may authorize a participating employer to transfer monies into the prefunding plan. A transfer of monies into the prefunding plan shall comply with all of the following: 1. The transfer satisfies the terms of the contract between the governing body of the participating employer and the board. 2. The transfer satisfies the requirements under the applicable governmental accounting standards. 3. The transfer does not jeopardize the tax-exempt status of the prefunding plan's income. B. Except as otherwise provided in this section and sections 38-936 and 38-937,  monies transferred by a participating employer to the prefunding plan pursuant to subsection A of this section are irrevocable and may not be refused by the board or refunded or returned to the participating employer making the transfer.
AZ Rev Stat § 38-936 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-936 - Transfer of assets out of the prefunding plan; requirements

38-936.  Transfer of assets out of the prefunding plan;  requirements A. The board may authorize a participating employer to transfer assets out of the prefunding plan if the asset transfer complies with subsection B of this section and all of the following: 1. The transfer satisfies the terms of the contract between the governing body of the participating employer and the board. 2. The transfer satisfies the requirements under the applicable governmental accounting standards. 3. The transfer does not jeopardize the tax-exempt status of the prefunding plan's income. B. Except as otherwise provided in section 38-937: 1. The prefunding plan assets shall be used exclusively for the purpose of paying required pension contributions and the administrative costs associated with the prefunding plan and may not be used for any other purpose. 2. A transfer of assets out of the prefunding plan shall be made solely for the purpose of transferring assets to the system to discharge the participating employer's required pension contributions to the applicable defined benefit pension. C. The prefunding plan assets and any transfer of assets out of the prefunding plan are not subject to execution,  garnishment,  attachment,  the operation of bankruptcy or insolvency laws or other process of law and are not unassignable. D. Except for a participating employer to the extent expressly provided in subsection A of this section,  an employee,  member,  beneficiary or other individual or person does not have any right,  title or interest in the prefunding plan or any prefunding plan assets.
AZ Rev Stat § 38-937 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-937 - Termination of employer's participation; prefunding plan termination

38-937.  Termination of employer's participation;  prefunding plan termination A. The board may terminate the participation of a participating employer in the prefunding plan if any of the following applies: 1. The board determines that all obligations of a participating employer to pay required pension contributions in accordance with the terms of the applicable defined pension plan of the participating employer have been satisfied in full by payment or by defeasance with no remaining risk regarding the amounts to be paid or the value of the assets held in the prefunding plan.  2. A participating employer elects to cease to participate in the prefunding plan. 3. The board finds that the participating employer has failed to satisfy the terms and conditions required by this article,  by board rules or by the contract between the governing body of the participating employer and the board. 4. The prefunding plan is terminated by the board or the prefunding plan otherwise terminates. B. If the board terminates the participation of a participating employer in the prefunding plan as described in subsection A,  paragraph 1,  2 or 3 of this section,  any assets attributable to that participating employer's transfers into the prefunding plan,  including any earnings on such assets,  after the payment of any obligation of that participating employer owed to the prefunding plan for reasonable administrative costs,  shall be transferred to the system to pay the participating employer's required pension contributions under the applicable defined benefit pension. Any remaining monies in excess of the amount necessary to satisfy the participating employer's required pension contributions shall be transferred to the participating employer only if both of the following apply: 1. The transfer does not jeopardize the tax-exempt status of the prefunding plan's income. 2. The transfer complies with the requirements under the applicable governmental accounting standards. C. If the prefunding plan is terminated as described in subsection A,  paragraph 4 of this section,  the assets attributable to a participating employer's transfers into the prefunding plan,  including any earnings on such assets,  after the payment of any obligation of that participating employer owed to the prefunding plan for reasonable administrative costs,  shall be transferred to the system to pay the participating employer's required pension contributions. Any remaining monies in excess of the amount necessary to satisfy the participating employer's required pension contributions shall be transferred to the participating employer if the transfer complies with subsection B,  paragraphs 1 and 2 of this section.
AZ Rev Stat § 38-938 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-938 - Annual financial statements; audit; actuarial valuation report; unfunded pension liability calculation

38-938.  Annual financial statements;  audit;  actuarial valuation report;  unfunded pension liability calculation A. The board shall cause the annual financial statements of the prefunding plan to be prepared in accordance with the applicable governmental accounting standards and an audit to be conducted of those financial statements by a qualified independent certified accounting firm for each fiscal year in accordance with the applicable governmental auditing standards. B. For the purposes of the board's preparation of the annual employer actuarial valuation report regarding the defined benefit pension,  a total asset amount comprised of the sum of the assets in the prefunding plan and the assets of the defined benefit pension shall be used in the calculation of the unfunded pension liability and the annual actuarial required contribution amount.
AZ Rev Stat § 38-939 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-939 - Nontaxable status of prefunding plan; intent

38-939.  Nontaxable status of prefunding plan;  intent A. Assets transferred into or out of or held in the prefunding plan and investment income on assets in the prefunding plan are exempt from state,  county and municipal taxes. B. The legislature intends that the prefunding plan's income not be subject to federal income tax. The board may adopt additional rules,  policies and procedures as the board deems necessary or appropriate to fulfill the legislature's intent that the prefunding plan's income not be subject to federal income tax. C. If the board receives notification from the United States internal revenue service that this article or any portion of this article will jeopardize the tax-exempt status of the prefunding plan's income,  the portion of this article that will cause the disqualification does not apply.
AZ Rev Stat § 38-951 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-951 - Definitions

38-951.  Definitions In this article,  unless the context otherwise requires: 1. " Board"  means the Arizona state retirement system board established by section 38-713 or the board of trustees established by section 38-848.  2. " Eligible group"  means any of the following: (a) The Arizona state retirement system established by article 2 of this chapter. (b) The elected officials' retirement plan established by article 3 of this chapter. (c) The public safety personnel retirement system established by article 4 of this chapter. (d) The corrections officer retirement plan established by article 6 of this chapter. (e) An optional retirement program established pursuant to section 15-1451 or 15-1628. 3. " Employer"  means an agency or department of this state or an agency or department of a political subdivision of this state that has employees in an eligible group. 4. " Plan"  means a defined contribution plan authorized by this article.
AZ Rev Stat § 38-954 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-954 - Vesting

38-954.  Vesting A. Employee contributions and earnings on employee contributions are immediately vested. B. Employer matching contributions,  if any,  and the earnings on employer matching contributions are vested and the employee is entitled to receive employer matching contributions and earnings on those contributions as follows: 1. If the employee has less than one year of credited service in an eligible group,  zero per cent. 2. If the employee has at least one year but less than two years of credited service in an eligible group,  twenty per cent. 3. If the employee has at least two years but less than three years of credited service in an eligible group,  forty per cent. 4. If the employee has at least three years but less than four years of credited service in an eligible group,  sixty per cent. 5. If the employee has at least four years but less than five years of credited service in an eligible group,  eighty per cent. 6. If the employee has at least five years of credited service in an eligible group,  one hundred per cent. C. All nonvested employer contributions and earnings on those contributions may be used to pay for the administrative costs of the plan.
AZ Rev Stat § 38-1001 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-1001 - Definitions

38-1001.  Definitions In this chapter,  unless the context otherwise requires: 1. " Council"  means the merit system council for law enforcement officers appointed under the provisions of this article. 2. " Department"  means the branch of government in which a law enforcement officer is employed. 3. " Department head"  means the officer charged with the duty of administering the branch of government having the jurisdiction over the law enforcement officer. 4. " Law enforcement officer"  means: (a) A regularly appointed and paid deputy sheriff of a county. (b) A regularly employed police officer in a city or town.
AZ Rev Stat § 38-1002 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-1002 - Merit system council for law enforcement officers

38-1002.  Merit system council for law enforcement officers A. In each county coming within the provisions of this article,  there shall be a merit system council which shall consist of five members appointed by the board of supervisors of the county. No more than three members shall belong to the same political party and all members shall be persons having recognized knowledgeable interest in the merit principles of personnel administration,  and are prohibited from delegating their authority. B. In each city or town adopting the provisions of this article,  there shall be a merit system council which shall consist of five members appointed by the governing body of such city or town. No more than three members shall belong to the same political party and all members shall be persons having recognized knowledgeable interest in the merit principles of personnel administration. C. The term of each member of a council shall be five years,  one term to expire December 31 each year,  except that a member shall continue to serve until his successor is duly appointed and qualified. Of the members of the council first appointed,  one shall be appointed for a term ending December 31,  1970,  and one each for terms ending one,  two,  three and four years thereafter. Upon the expiration of the term of a member a successor shall be appointed for a full term of five years. Appointment to fill a vacancy resulting other than from expiration of term shall be for the unexpired portion of the term only. D. The council shall hold regular quarterly meetings and in addition,  may hold such special meetings as the chairman of the council deems necessary. A chairman and vice-chairman shall be elected by the members of the council in January of each year and the chairman shall not be permitted to succeed himself. Meetings of the council shall be open to the public and executive sessions may be held as provided by law. E. Any one of the following shall constitute the resignation of a council member and authorize the appointing authority to appoint a new member to fill the unexpired portion of the term so vacated: 1. Absence from three consecutive quarterly meetings. 2. Becoming a candidate for any elective public office. 3. Accepting any appointive office or employment in the service of the state,  or a county,  city or town. F. Members of the council shall receive subsistence and travel expenses incurred while traveling from their places of residence to the place meetings are held or in the performance of other duties of the council in the same manner as is provided by law for state officers.