Section R2-8-507. Required Documentation and Calculations for Forfeited Service Credit

A.      An eligible member who requests to purchase service credit for forfeited service under A.R.S. § 38-742 shall provide to the ASRS:

1.        The eligible member’s:

a.         Full name and, if applicable, other names used while working for an ASRS employer for which the eligi- ble member is requesting to purchase service credit;

b.        Mailing address;

c.         Telephone number, if applicable;

d.        Social Security number;

2.        The name of each ASRS employer, if known, for which the eligible member is requesting to purchase service credit for forfeited service;

3.        The year the eligible member began working for each ASRS employer and the year the eligible member left each employment, if known; and

4.        The year the eligible member believes the ASRS returned retirement contributions to the member.

B.       The amount the eligible member shall pay to purchase service credit for previously forfeited service is the amount of retire- ment contributions that the ASRS returned to the eligible member, plus interest on that amount from the date on the return of retirement contributions check to the date of rede- posit at the interest rate determined by the Board as specified in A.R.S. § 38-742.

Historical Note

New Section made by final rulemaking at 11 A.A.R. 2640, effective June 30, 2005 (Supp. 05-2). Amended by final rulemaking at 12 A.A.R. 4667, effective December 5, 2006 (Supp. 06-4).