Ariz. Admin. Code § R2-8-129 - Period Certain and Life Annuity Retirement Options
A. The definitions in
R2-8-126 apply to this section.
B. An
individual who is 104 years of age or older at the time of retirement is not
eligible to elect a Period Certain and Life Annuity Retirement Benefit
Option.
C. An individual who is 93
years of age or older at the time of retirement is not eligible to elect a
Period Certain and Life Annuity Retirement Benefit Option with ten years
certain or 15 years certain.
D. An
individual who is 85 years of age or older at the time of retirement is not
eligible to elect a Period Certain and Life Annuity Retirement Benefit Option
with 15 years certain.
E. The ASRS
shall calculate the period certain term as beginning on the first day of the
first full calendar month following the member's Applicable Retirement
Date.
F. Notwithstanding subsection
(E), the ASRS shall calculate the period certain term as beginning on the
member's Applicable Retirement Date if the member's Applicable Retirement Date
is the first day of the month.
Notes
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