Bill
HB 2089
Overview: HB 2089, "ASRS; premium payment", is a prefiled bill that was introduced on January 24, 2025.Purpose and Intent: The main goal of this bill is to modify the premium payme
Overview: HB 2089, "ASRS; premium payment", is a prefiled bill that was introduced on January 24, 2025.
Purpose and Intent: The main goal of this bill is to modify the premium payment requirements for the Arizona State Retirement System (ASRS), which provides retirement benefits for state and local government employees.
Key Provisions:
- Allows ASRS members to pay their retirement contributions through automatic payroll deductions, rather than requiring lump-sum payments.
- Requires employers to remit ASRS member contributions to the system on a monthly basis, rather than the current quarterly schedule.
- Directs ASRS to establish procedures and guidelines for the new premium payment options.
Affected Parties and Impacts: This bill would primarily affect state and local government employees who are members of the ASRS, as well as their employers. Employees would benefit from the increased flexibility and convenience of automatic payroll deductions for their retirement contributions. Employers would need to adapt their payroll and reporting processes to comply with the new monthly remittance requirements.
Procedural and Timeline Considerations: As a prefiled bill, HB 2089 has not yet been scheduled for a committee hearing or floor vote. The next step would be for the bill to be formally introduced and referred to the appropriate legislative committee for consideration.
Compiled from official sources — confirm details with the bill’s official record.
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