Section R2-8-512. Purchasing Service Credit by Check, Cashier’s Check, or Money Order

A.      An eligible member may purchase service credit by check, cashier’s check, or money order.

B.       Within 30 days of the issue date on the SP invoice or PDA payoff letter, the member shall ensure that the ASRS receives the completed Service Purchase Payment Request form with the information specified in R2-8-502(D)(2) and a check, cashier’s check, or money order made to the order of the Ari- zona State Retirement System in the amount to purchase the requested service credit.

C.      If an eligible member purchases service credit by check, cashier’s check, or money order in conjunction with one or more rollovers, trustee-to-trustee transfers, or termination pay, the member shall make payment within 30 days after the date the ASRS sends written confirmation that the ASRS received the final rollover, trustee-to-trustee transfer, or termination pay payment.

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).