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2020 Arizona Revised Statutes
Title 38 - Public Officers and Employees
§ 38-823 Discount rate; service purchase; transfer of service credits
Universal Citation: AZ Rev Stat § 38-823 (2020)
38-823. 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 38-816, subsection C.
2. Section 38-820, subsection A or B.
3. Section 38-821.
4. Sections 38-921, 38-922, 38-923 and 38-924.
B. The discount rate is an amount equal to the assumed rate of return that is prescribed by the board.
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