reglab/housing_qa huggingface dataset:
AZ Rev Stat § 38-900 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-900 - Internal revenue code qualification

38-900.  Internal revenue code qualification The legislature intends that the retirement plan is a qualified pension plan under section 401 of the internal revenue code,  as amended,  or successor provisions of law,  and that the trust is exempt from taxation under section 501 of the internal revenue code,  as amended. The assets of the fund are held in trust for the exclusive benefit of the members and beneficiaries of the retirement plan. The board may adopt such additional provisions to the retirement plan as are necessary to fulfill this intent.
AZ Rev Stat § 38-900.01 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-900.01 - Statutory construction

38-900.01.  Statutory construction A. Because the plan as enacted at a particular time is a unique amalgam of rights and obligations having a critical impact on the actuarial integrity of the plan,  the legislature intends that the plan as enacted at a particular time be construed and applied as a coherent whole and without reference to any other provision of the plan in effect at a different time. B. The plan was established in order to provide a uniform,  consistent and equitable statewide program for those eligible corrections officers as defined by the plan. A member of the plan does not have a vested right to benefits under the plan until the member files an application for benefits and is found eligible for those benefits. An eligible claimant's right to benefits vests on the date of the member's application for those benefits or the member's last day of employment under the plan,  whichever occurs first.
AZ Rev Stat § 38-900.02 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-900.02 - Adjustment and refund; termination of plan

38-900.02.  Adjustment and refund;  termination of plan A. If more than the correct amount of employer or member contributions is paid into the plan by an employer through a mistake of fact,  the board shall return those contributions to the employer if the employer requests return of the contributions within one year after the date of the overpayment. The board may not pay an employer earnings attributable to excess contributions but shall reduce the amount returned to an employer pursuant to this subsection by the amount of losses attributable to the excess contributions. B. On termination or partial termination of the plan,  the accrued benefit of each member is,  as of the date of termination or partial termination,  fully vested and nonforfeitable to the extent then funded.
AZ Rev Stat § 38-901 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-901 - Transfers into or out of retirement plan

38-901.  Transfers into or out of retirement plan  A. A member who changes employment or transfers or is assigned to a position in which the member is no longer eligible to be a member of this plan,  because of a change in duties or otherwise,  with the same or another employer of this state or a municipality of this state participating in a different retirement system or plan,  is entitled to have all credited service transferred to the retirement system or plan applicable to the new position in accordance with article 7 of this chapter. B. A member who begins employment with a participating employer in this plan and who has credited service from a different system or plan may transfer the prior service to this plan in accordance with article 7 of this chapter.
AZ Rev Stat § 38-903 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-903 - Reservation to the legislature

38-903.  Reservation to the legislature The right to modify,  amend or repeal this article or any provision thereof is reserved to the legislature.
AZ Rev Stat § 38-904 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-904 - Death benefits; amount

38-904.  Death benefits;  amount A. If an active or inactive member dies and no pension is payable on account of the member's death,  an amount equal to two times the member's accumulated contributions to the retirement plan is payable to the person designated by the deceased member in writing and filed with the board. If the designated person or persons do not survive the deceased member or if the designated person does not claim the benefit,  the payment is payable,  at the election of the local board,  to the designated person's nearest of kin as determined by the local board or to the estate of the deceased member. The beneficiary or person who is claiming to be the nearest of kin shall file a written application in order to receive the refund. For the purposes of this subsection,  " inactive member"  means a person who previously made contributions to the plan,  who has not retired,  who is not currently making contributions to the plan and who has not withdrawn contributions from the plan. B. If the deceased retired or active member does not have an eligible surviving spouse or the pension of the eligible surviving spouse is terminated,  each eligible child is entitled to a child's pension. A child's pension terminates if the child is adopted. In the case of a child with a disability,  the child's pension terminates if the child ceases to be under a disability or ceases to be a dependent of the surviving spouse or guardian. The amount of the pension of each eligible child is an equal share of the amount of the surviving spouse's pension. The board shall pay the surviving minor or child's with a disability pension to the person who is the legally appointed guardian or custodian of the eligible child until the eligible child reaches eighteen years of age,  at which time the eligible child's pension shall be paid directly to the eligible child if the person remains eligible to receive the pension and is not subject to a guardianship or conservatorship due to disability or incapacity. The pension of a child with a disability who is eighteen years of age or older and who is subject to a guardianship or conservatorship due to disability or incapacity shall continue to be paid to the guardian or conservator if the child remains eligible for the pension payment.
AZ Rev Stat § 38-905.05 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-905.05 - Cost-of-living adjustment; members hired on or before June 30, 2018

38-905.05.  Cost-of-living adjustment;  members hired on or before June 30,  2018 A. For members hired on or before June 30,  2018,  each retired member or survivor of a retired member is eligible to receive a compounding cost-of-living adjustment in the base benefit as provided in this section. The first payment under this section shall be made immediately following the first year the cost-of-living adjustment specified in subsection C of this section is paid. The cost-of-living adjustment shall be made on July 1 each year thereafter. B. A retired member or a survivor of a retired member shall receive annually a cost-of-living adjustment in the base benefit based on the average annual percentage change in the metropolitan Phoenix-Mesa consumer price index published by the United States department of labor,  bureau of labor statistics,  with the immediately preceding year as the base year for making the determination,  not to exceed annually two percent of the retired member's or survivor's base benefit. C. In the first year of a member's retirement,  the cost-of-living adjustment specified in subsection B of this section shall be prorated based on the date of retirement. D. The plan's actuary shall include the projected cost of providing the cost-of-living adjustment specified in subsection B of this section in the calculation of normal cost and accrued liability.
AZ Rev Stat § 38-905.06 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-905.06 - Cost-of-living adjustment; members hired on or after July 1, 2018; definition

38-905.06.  Cost-of-living adjustment;  members hired on or after July 1,  2018;  definition A. For members who are hired on or after July 1,  2018,  each eligible retired member or survivor of a retired member may receive a compounding cost-of-living adjustment in the base benefit as provided in this section. B. A retired member or survivor of a retired member is eligible to receive a cost-of-living adjustment under this section beginning the earlier of the first calendar year after the seventh anniversary of the retired member's retirement or when the retired member is or would have been sixty years of age. C. A cost-of-living adjustment shall be paid on July 1 each year that the funded ratio for members who are hired on or after July 1,  2018 is seventy percent or more,  as reported in the most recent actuarial valuation. D. An eligible retired member or survivor of a retired member shall receive annually a cost-of-living adjustment in the base benefit based on the average annual percentage change in the metropolitan Phoenix-Mesa consumer price index published by the United States department of labor,  bureau of labor statistics,  with the immediately preceding year as the base year for making the determination,  not to exceed annually the following: 1. Two percent of the retired member's or survivor's base benefit if the funded ratio for members who are hired on or after July 1,  2018 is ninety percent or more,  as reported in the most recent actuarial valuation. 2. One and one-half percent of the retired member's or survivor's base benefit if the funded ratio for members who are hired on or after July 1,  2018 is eighty percent or more but less than ninety percent,  as reported in the most recent actuarial valuation. 3. One percent of the retired member's or survivor's base benefit if the funded ratio for members who are hired on or after July 1,  2018 is seventy percent or more but less than eighty percent,  as reported in the most recent actuarial valuation. E. The plan's actuary shall include the projected cost of providing the cost-of-living adjustment specified in subsection D of this section in the calculation of normal cost and accrued liability. F. For the purposes of this section,  " funded ratio"  means the ratio of the market value of assets to the actual accrued liabilities.
AZ Rev Stat § 38-908 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-908 - Transfer of credited service

38-908.  Transfer of credited service A. A member who terminates employment with an employer and accepts a position with the same or another employer participating in the plan shall have the member's credited service transferred to the member's record with the new employer provided the member leaves the member's accumulated contributions on deposit with the fund. The period not employed shall not be considered as service or credited service. B. The new employer's account shall be credited with the member's accumulated contributions plus the additional amount,  if any,  necessary to equal the increase in the actuarial present value to the extent funded on a market value basis as of the most recent actuarial valuation of projected benefits resulting from the transfer calculated by the system's actuary using the actuarial methods and assumptions adopted by the board.
AZ Rev Stat § 38-909 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-909 - Redemption of prior service; calculation

38-909.  Redemption of prior service;  calculation A. Except as provided in subsection B of this section,  an active member of the plan who has at least five years of credited service with the plan who had previous service in this state as an employee with an employer now covered by the plan or who had previous service with an agency of the United States government,  a state of the United States or a political subdivision of this state or a state of the United States as a full-time paid corrections officer or full-time paid certified peace officer may elect to redeem up to sixty months of any part of the prior service by paying into the plan any amounts required under subsection C of this section if the prior service is not on account with any other retirement system. B. An active member who became a member of the plan before January 1,  2012 may redeem any amount of eligible prior service as specified in subsection A of this section without having to have accrued any minimum amount of credited service. C. An active member who elects to redeem any part of the prior service or employment for which the employee is deemed eligible by the board under this section shall pay into the plan the amounts previously withdrawn by the member,  if any,  as a refund of the member's accumulated contributions plus accumulated interest as determined by the board and the additional amount,  if any,  computed by the plan's actuary that is necessary to equal the increase in the actuarial present value of projected benefits resulting from the redemption calculated using the actuarial methods and assumptions prescribed by the plan's actuary. D. A member electing to redeem service pursuant to this section may pay for service being redeemed in the form of a lump sum payment to the plan,  a trustee-to-trustee transfer or a direct rollover of an eligible distribution from a plan described in section 402(c)(8)(B)(iii),  (iv),  (v) or (vi) of the internal revenue code or a rollover of an eligible distribution from an individual retirement account or annuity described in section 408(a) or (b) of the internal revenue code.
AZ Rev Stat § 38-909.01 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-909.01 - Purchase of service; payment

38-909.01.  Purchase of service;  payment A member who purchases service pursuant to this article or section 38-922 or 38-924 shall make payments directly to the plan in whole or in part by any one or a combination of the following methods: 1. In lump sum payments. 2. Through an arrangement with the plan that the payments be made in installment payments over a period of time.  3. Subject to the limitations prescribed in sections 401(a)(31) and 402(c) of the internal revenue code,  accepting a direct transfer of any eligible rollover distribution or a contribution by a member of an eligible rollover distribution from one or more: (a) Retirement programs that are qualified under section 401(a) or 403(a) of the internal revenue code. (b) Annuity contracts described in section 403(b) of the internal revenue code. (c) Eligible deferred compensation plans described in section 457(b) of the internal revenue code that are maintained by a state,  a political subdivision of a state or any agency or instrumentality of a state or a political subdivision of a state. 4. Subject to the limitations prescribed in section 408(d)(3)(A)(ii) of the internal revenue code,  accepting from a member a rollover contribution of that portion of a distribution from an individual retirement account or individual retirement annuity described in section 408(a) or 408(b) of the internal revenue code that is eligible to be rolled over and would otherwise be includable as gross income.
AZ Rev Stat § 38-911 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-911 - Deferred annuity; eligibility; amount; exception

38-911.  Deferred annuity;  eligibility;  amount;  exception A. If any member who has at least ten years of credited service terminates employment for reasons other than retirement or disability,  the person may elect to receive a deferred annuity,  except that if the person withdraws the person's accumulated contributions from the plan,  all rights to a deferred annuity are forfeited. A deferred annuity is a lifetime monthly payment that is actuarially equivalent to the annuitant's accumulated contributions in the plan plus an equal amount paid by the employer and commences on application on or after the sixty-second birthday of the annuitant. The deferred annuity is not a retirement benefit and annuitants are not entitled to receive any amount prescribed by section 38-887,  38-888,  38-904 or 38-906.  B. This section does not apply to a member who becomes a member of the plan on or after January 1,  2012 and before July 1,  2018. Such a person who attains a normal retirement date is eligible for retirement and a retirement benefit even if the member terminates employment with an employer before the age requirement for normal retirement if the member attains the service requirement for normal retirement.
AZ Rev Stat § 38-912 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-912 - Civil liability; restitution or payment of fine; forfeiture of benefits; violation; classification; offset of benefits

38-912.  Civil liability;  restitution or payment of fine;  forfeiture of benefits;  violation;  classification;  offset of benefits A. A person who defrauds the plan or who takes,  converts,  steals or embezzles monies owned by or from the plan and who fails or refuses to return the monies to the plan on the board's written request is subject to civil suit by the plan in the superior court in Maricopa county. On entry of an order finding the person has defrauded the plan or taken,  converted,  stolen or embezzled monies owned by or from the plan,  the court shall enter an order against that person and for the plan awarding the plan all of its costs and expenses of any kind,  including attorney fees,  that were necessary to successfully prosecute the action. The court shall also grant the plan a judicial lien on all of the nonexempt property of the person against whom judgment is entered pursuant to this subsection in an amount equal to all amounts awarded to the plan,  plus interest at the rate prescribed by section 44-1201,  until all amounts owed are paid to the plan. B. If a member is convicted of,  or discharged because of,  theft,  embezzlement,  fraud or misappropriation of an employer's property or property under the control of the employer,  the member is subject to restitution and fines imposed by a court of competent jurisdiction. The court may order the restitution or fines to be paid from any payments otherwise payable to the member from the plan. C. A person who knowingly makes any false statement or who falsifies or permits to be falsified any record of the plan with an intent to defraud the plan is guilty of a class 5 felony. If any change or error in the records results in any member or beneficiary receiving from the plan more or less than the member or beneficiary would have been entitled to receive had the records been correct,  the local board shall correct the error,  and as far as practicable shall adjust the payments in a manner that the actuarial equivalent of the benefit to which the member or beneficiary was correctly entitled shall be paid. If a member is convicted of a crime pursuant to this subsection,  section 13-713 applies. D. Notwithstanding any other provision of this article,  the board may offset against any benefits otherwise payable by the plan to a member or survivor any court ordered amounts awarded to the board and plan and assessed against the member or survivor.
AZ Rev Stat § 38-913 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-913 - Discount rate; service purchase; transfer of service credits

38-913.  Discount rate;  service purchase;  transfer of service credits A. Beginning July 1,  2017,  the discount rate specified in subsection B of this section applies to service purchases or transfers of service credits to the plan pursuant to the following sections: 1. Section 38-907,  subsection A or B. 2. Section 38-909,  subsection C. 3. Sections 38-921,  38-922,  38-923 and 38-924. B. For members enrolled in the system: 1. Before July 1,  2017,  the discount rate is the assumed rate of return that is prescribed by the board. 2. On or after July 1,  2017,  the discount rate is an amount equal to the lesser of the assumed rate of return that is prescribed by the board or an amount equal to the yield on a ten-year treasury note as of March 1 that is published by the federal reserve board plus two percent. The discount rate is effective beginning in the next fiscal year,  and the board shall recalculate the rate each year.
AZ Rev Stat § 38-914 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-914 - Employer disclosure; funding ratio

38-914.  Employer disclosure;  funding ratio An employer shall disclose the employer's funding ratio under the plan on the employer's public website.
AZ Rev Stat § 38-921 (2021)
2021 Arizona Revised Statutes|Title 38 - Public Officers and Employees|§ 38-921 - Transfer of retirement service credits from one retirement system or plan to another retirement system or plan in this state; definitions

38-921.  Transfer of retirement service credits from one retirement system or plan to another retirement system or plan in this state;  definitions A. An active or inactive member of a state retirement system or plan,  including the retirement system provided for in article 2 of this chapter,  the elected officials' retirement plan provided for in article 3 of this chapter,  the public safety personnel retirement system provided for in article 4 of this chapter or the corrections officer retirement plan provided for in article 6 of this chapter,  may transfer service credits from one system or plan to the member's current or former system or plan pursuant to section 38-922 if all of the following conditions are met: 1. The board governing the retirement system or plan from which the service credits are being transferred mutually agrees with the board governing the retirement system or plan to which the service credits are being transferred regarding the terms of the transfer. 2. The transfer does not cause either the retirement system or plan to which the transfer is made or the retirement system or plan from which the transfer is made to incur any unfunded accrued liabilities as a result of the transfer. 3. The member initiates the transfer by making written application to the governing board of the retirement system or plan to which the member is contributing. B. For the purposes of this section: 1. " Active member"  means a member who satisfies the eligibility criteria of the state retirement system or plan and who is currently making member contributions to or receiving credited service from the state retirement system or plan. 2. " Inactive member"  means a member of the state retirement system or plan who previously made contributions to the state retirement system or plan and who satisfies each of the following: (a) Has not retired. (b) Is not eligible for active membership in the state retirement system or plan. (c) Is not currently making contributions to the state retirement system or plan. (d) Has not withdrawn contributions from the state retirement system or plan.