2016 Arizona Revised Statutes
Title 38 - Public Officers and Employees
§ 38-870.06 Disability program benefit

38-870.06. Disability program benefit

A. The board shall follow the same procedures and method as prescribed in section 38-844 to determine eligibility for and continuation of a disability benefit and in computing the amount available to the participant.

B. A participant who meets the requirements for a disability pension as prescribed in section 38-844 shall receive a monthly disability benefit equal to a monthly disability pension that would be provided to a public safety personnel retirement system member who is hired on or after July 1, 2017, reduced by an amount equal to the monthly annuitized value of the participant's annuity account under article 4.1 of this chapter that does not include a cost-of-living adjustment, as determined by the board. In determining the monthly annuitized offset value of the participant's annuity account under article 4.1 of this chapter to be used in reducing the disability benefit paid pursuant to this section, the board shall instruct the actuary for the public safety personnel retirement system to calculate the monthly payment that would be paid to the participant assuming the participant had elected a straight life annuity commencing on the participant's date of disability, using the mortality and interest factors then used by the actuary in determining the valuation of the public safety personnel retirement system.