Arizona Laws 38-755. Member’s account information; beneficiary designation; spousal consent; confidentiality
A. ASRS shall make information concerning a member’s account accessible to the member in written or electronic form. This information shall include the member’s current account balance, contact information, beneficiary election, estimated retirement date and estimated benefit amount.
Terms Used In Arizona Laws 38-755
- Active member: means a member as defined in paragraph 23, subdivision (b) of this section who satisfies the eligibility criteria prescribed in section 38-727 and who is currently making member contributions as prescribed in section 38-736. See Arizona Laws 38-711
- ASRS: means the Arizona state retirement system established by this article. See Arizona Laws 38-711
- Average monthly compensation: means :
(a) For a member whose membership in ASRS commenced before January 1, 1984 and who left the member's contributions on deposit or reinstated forfeited credited service pursuant to section 38-742 for a period of employment that commenced before January 1, 1984, the higher of either:
(i) The monthly average of compensation that is calculated pursuant to subdivision (b) of this paragraph. See Arizona Laws 38-711
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
- Credited service: means , subject to section 38-739, the number of years standing to the member's credit on the books of ASRS during which the member made the required contributions. See Arizona Laws 38-711
- Employer: means :
(a) This state. See Arizona Laws 38-711
- Fraud: Intentional deception resulting in injury to another.
- Inactive member: means a member who previously made contributions to ASRS and who satisfies each of the following:
(a) Has not retired. See Arizona Laws 38-711
- Retired member: means a member who is receiving retirement benefits pursuant to this article. See Arizona Laws 38-711
- State: means this state, including any department, office, board, commission, agency, institution or other instrumentality of this state. See Arizona Laws 38-711
B. The member may change the member’s beneficiary at any time in a manner established by ASRS.
C. A member who is married shall name and maintain the member’s current spouse as a beneficiary to receive at least fifty percent of the member’s account, unless naming or maintaining the current spouse as a beneficiary violates another law, an existing contract or a court order. The member’s current spouse may consent to a waiver of this requirement pursuant to section 38-776.
D. In order to protect a member’s identity from fraud, abuse, theft or civil or criminal activity, information about a member is not subject to inspection pursuant to Title 39, Chapter 1, Article 2, except that the following information about a member is subject to inspection:
1. The member’s name.
2. Whether the member is an active member as defined in section 38-711, an inactive member as defined in section 38-711 or a retired member as defined in section 38-711.
3. The member’s current or most recent employer.
4. For a retired member, the average monthly compensation, as defined in section 38-711, used to calculate the member’s retirement benefit.
5. The credited service as defined in section 38-711 on account for an active or inactive member or the credited service used to calculate the retirement benefit for a retired member.
6. The gross pension amount actually paid to a retired member.
7. The most recent retirement date.
8. The current account balance for an active or inactive member.
9. The gross long-term disability program benefit actually paid to a member with a disability pursuant to article 2.1 of this chapter.
10. The amount paid to purchase credited service pursuant to section 38-743, 38-744 or 38-745.
11. The amount of credited service purchased pursuant to section 38-743, 38-744 or 38-745.
E. ASRS shall not permit any unredacted record to be inspected that contains a member’s social security number, bank account information, address, telephone number, e-mail address, medical records, health insurance information, beneficiary or survivor information or disability information or any information that is protected by any federal or state law.