Arizona Administrative Code (Last Updated: November 17, 2016) |
Title 2. ADMINISTRATION |
Chapter 8. STATE RETIREMENT SYSTEM BOARD |
Article 5. PURCHASING SERVICE CREDIT |
Section R2-8-508. Required Documentation and Calculations for Leave of Absence Service Credit
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A. An eligible member may request to purchase service credit for an approved leave of absence from an ASRS employer under
A.R.S. § 38-744. To request to purchase service credit for an approved leave of absence the eligible member shall provide to the ASRS:
1. An Approved Leave of Absence form that includes:
a. The following information completed by the eligible member:
i. The eligible member’s full name and, if appli- cable, other names used while working for the ASRS employer;
ii. The eligible member’s Social Security number;
iii. The eligible member’s mailing address;
iv. The eligible member’s daytime telephone num- ber;
v. A statement that the eligible member under- stands that up to one year of leave of absence service credit may be purchased for each approved leave of absence, if the eligible mem- ber returns to work for the employer that approved the leave of absence unless employ- ment could not be resumed because of disabil- ity or nonavailability of a position;
vi. A statement that the eligible member under- stands that the ASRS uses the actuarial present value calculation method to determine the cost of the service purchase request;
vii. A statement that the eligible member authorizes the ASRS employer to provide any necessary personal information to ASRS in order to pro- cess this request; and
viii. The member’s dated signature; and
b. The following information completed by the ASRS employer;
i. The beginning date and ending date of the approved leave of absence;
ii. The date the eligible member returned to work or a statement of why employment was not resumed;
iii. Name of the employer;
iv. The authorized employer representative’s name;
v. The authorized employer representative’s tele- phone number and, if applicable, fax number; and
vi. The authorized employer representative’s dated signature verifying that the approved leave of absence benefited or was in the best interest of the employer; and
2. A copy of the guidelines referenced in A.R.S. § 38-744, if applicable.
B. The amount the member shall pay to purchase service credit for leave of absence is determined as provided in R2-8-506.
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).