2016 Arizona Revised Statutes
Title 38 - Public Officers and Employees
§ 38-797; Version 2 Definitions
38-797. Definitions
(L14, Ch. 44, sec. 5 & Ch. 215, sec. 166)
In this article, unless the context otherwise requires:
1. " ASRS" means the Arizona state retirement system established by article 2 of this chapter.
2. " Assets" means the accumulated resources of the LTD program.
3. " Board" means the ASRS board established pursuant to section 38-713.
4. " Compensation" has the same meaning prescribed in section 38-711.
5. " Depository" means a bank in which the monies of the LTD program are deposited and collateralized as provided by law.
6. " Employer" has the same meaning prescribed in section 38-711.
7. " Employer contributions" means all amounts paid into the LTD program by an employer.
8. " Fiscal year" has the same meaning prescribed in section 38-711.
9. " LTD program" means the long-term disability program established by this article.
10. " Member" has the same meaning prescribed in section 38-711.
11. " Monthly compensation" means one-twelfth of a member's annual compensation paid and payable in the fiscal year during which a member develops a disability.
12. " Normal retirement date" has the same meaning prescribed in section 38-711.
13. " Political subdivision" has the same meaning prescribed in section 38-711.
14. " State" has the same meaning prescribed in section 38-711.
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