A. Plan retirement commences on the first day of the month following the date of the member's retirement or death. Pension payments shall be received on or about the first day of the month next following the member's plan retirement. The last pension payment shall be made as of the last day of the month in which the death of the retired member or the surviving spouse or minor children occurs. Pension payments shall not be made in advance.
B. For a member who becomes a member of the plan before January 1, 2012, the monthly pension shall be equal to one-twelfth of the following amount:
1. Four percent of the member's average yearly salary multiplied by the member's credited service, not to exceed eighty percent of the member's average yearly salary. This amount shall be reduced if the member takes early retirement pursuant to section 38-805, subsection C. The amount of reduction is three-twelfths of one percent for each month the retired member's early retirement age precedes the member's normal retirement age pursuant to section 38-805, subsection A, except that the reduction shall not be more than thirty percent.
2. A member who meets the requirements for a disability retirement pension shall receive a disability pension equal to four percent of the member's average yearly salary multiplied by twenty years of credited service if the member has ten or more years of credited service, four percent of the member's average yearly salary multiplied by ten years of credited service if the member has five or more years of credited service but fewer than ten years of credited service or four percent of the member's average yearly salary multiplied by five years of credited service if the member has fewer than five years of credited service.
C. The monthly pension of a member who becomes a member of the plan on or after January 1, 2012 shall be equal to one-twelfth of the following amount:
1. Three percent of the member's average yearly salary multiplied by the member's credited service, not to exceed seventy-five percent of the member's average yearly salary.
2. A member who meets the requirements for a disability retirement pension shall receive a disability pension equal to three percent of the member's average yearly salary multiplied by twenty-five years of credited service if the member has ten or more years of credited service, three percent of the member's average yearly salary multiplied by twelve and one-half years of credited service if the member has five or more years of credited service but fewer than ten years of credited service or three percent of the member's average yearly salary multiplied by 6.25 years of credited service if the member has fewer than five years of credited service.
D. The plan shall make payments pursuant to section 401(a)(9) of the internal revenue code and the regulations that are issued under that section. Notwithstanding any other provision of this plan, beginning January 1, 1987, payment of benefits to a member shall commence not later than April 1 of the calendar year following the later of:
1. The calendar year in which the member attains seventy-two years of age.
2. The date the member terminates employment.
E. If all pension payments terminate before an amount equal to the member's accumulated contributions has been paid, the difference between the member's accumulated contributions and the aggregate amount of pension payments shall be paid to the person or persons and in such shares as designated by the retired member in writing and filed with the board. If the designated person or persons do not survive the retired member, the difference shall be paid to the estate of the retired member.
Notes of Decisions
Fields v. Elected Officials' Ret. Plan, 320 P.3d 1160 (Ariz. 2014).
· cites it 8× “¶ 26 Adopting this reasoning would place § 38-808’s base benefit — the main component of retirement benefits — outside the scope of Pension Clause protection because the base benefit is a direct product of § 38-808’s formula.”
Hall v. Elected Officials' Ret. Plan, 383 P.3d 1107 (Ariz. 2016).
· cites it 4× “) (codified at A.R.S. § 38-808(B)(1) (1985)). That promised benefit, which essentially places elected officials and judges on par with first responders, has never been changed.”
Cross v. Elected Officials Ret. Plan, 325 P.3d 1001 (Ariz. Ct. App. 2014).
· cites it 3× “¶ 21 Pursuant to § 38-808(B) (2014), after 20 years of credited service, Cross was entitled to retire in 2002 and receive a pension of 80 percent of his average yearly salary.”
Hon. Fields v. Elected Officials Ret. (Ariz. 2014).
· cites it 8× “¶26 Adopting this reasoning would place § 38-808’s base benefit — the main component of retirement benefits — outside the scope of Pension Clause protection because the base benefit is a direct product of § 38-808’s formula.”
Hon. Hall v. eorp/state (Ariz. 2016).
· cites it 2× “) (codified at A.R.S. § 38-808(B)(1) (1985)). That promised benefit, which essentially places elected officials and judges on par with first responders, has never been changed.”
— Ariz. Rev. Stat. § 38-808(B) — 3 cases
Fields v. Elected Officials' Ret. Plan, 320 P.3d 1160 (Ariz. 2014).
“¶ 26 Adopting this reasoning would place § 38-808’s base benefit — the main component of retirement benefits — outside the scope of Pension Clause protection because the base benefit is a direct product of § 38-808’s formula.”
Cross v. Elected Officials Ret. Plan, 325 P.3d 1001 (Ariz. Ct. App. 2014).
“¶ 21 Pursuant to § 38-808(B) (2014), after 20 years of credited service, Cross was entitled to retire in 2002 and receive a pension of 80 percent of his average yearly salary.”
Hon. Fields v. Elected Officials Ret. (Ariz. 2014).
“¶26 Adopting this reasoning would place § 38-808’s base benefit — the main component of retirement benefits — outside the scope of Pension Clause protection because the base benefit is a direct product of § 38-808’s formula.”
— Ariz. Rev. Stat. § 38-808(B)(1) — 4 cases
Hall v. Elected Officials' Ret. Plan, 383 P.3d 1107 (Ariz. 2016).
“) (codified at A.R.S. § 38-808(B)(1) (1985)). That promised benefit, which essentially places elected officials and judges on par with first responders, has never been changed.”
Cross v. Elected Officials Ret. Plan, 325 P.3d 1001 (Ariz. Ct. App. 2014).
“¶ 21 Pursuant to § 38-808(B) (2014), after 20 years of credited service, Cross was entitled to retire in 2002 and receive a pension of 80 percent of his average yearly salary.”
Hon. Hall v. eorp/state (Ariz. 2016).
“) (codified at A.R.S. § 38-808(B)(1) (1985)). That promised benefit, which essentially places elected officials and judges on par with first responders, has never been changed.”
Hon. Fields v. Elected Officials Ret. (Ariz. 2014).
“¶26 Adopting this reasoning would place § 38-808’s base benefit — the main component of retirement benefits — outside the scope of Pension Clause protection because the base benefit is a direct product of § 38-808’s formula.”
— Ariz. Rev. Stat. § 38-808(B)(l) — 2 cases
Hall v. Elected Officials' Ret. Plan, 383 P.3d 1107 (Ariz. 2016).
“) (codified at A.R.S. § 38-808(B)(1) (1985)). That promised benefit, which essentially places elected officials and judges on par with first responders, has never been changed.”
Fields v. Elected Officials' Ret. Plan, 320 P.3d 1160 (Ariz. 2014).
“¶ 26 Adopting this reasoning would place § 38-808’s base benefit — the main component of retirement benefits — outside the scope of Pension Clause protection because the base benefit is a direct product of § 38-808’s formula.”
— Ariz. Rev. Stat. § 38-808(C)(1) — 1 case
Hon. Fields v. Elected Officials Ret. (Ariz. 2014).
“¶26 Adopting this reasoning would place § 38-808’s base benefit — the main component of retirement benefits — outside the scope of Pension Clause protection because the base benefit is a direct product of § 38-808’s formula.”
— Ariz. Rev. Stat. § 38-808(C)(l) — 1 case
Fields v. Elected Officials' Ret. Plan, 320 P.3d 1160 (Ariz. 2014).
“¶ 26 Adopting this reasoning would place § 38-808’s base benefit — the main component of retirement benefits — outside the scope of Pension Clause protection because the base benefit is a direct product of § 38-808’s formula.”
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