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Arizona Revised Statutes (Last Updated: March 31, 2016) |
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Title 38. Public Officers and Employees |
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Chapter 5. SOCIAL SECURITY AND RETIREMENT |
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Article 2.1. Long-Term Disability Program |
Sec 38-797. Definitions
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In this article, unless the context otherwise requires:
1. "ASRS" means the Arizona state retirement system established by article 2 of this chapter.
2. "Assets" means the accumulated resources of the LTD program.
3. "Board" means the ASRS board established pursuant to section 38-713.
4. "Compensation" has the same meaning prescribed in section 38-711.
5. "Depository" means a bank in which the monies of the LTD program are deposited and collateralized as provided by law.
6. "Employer" has the same meaning prescribed in section 38-711.
7. "Employer contributions" means all amounts paid into the LTD program by an employer.
8. "Fiscal year" has the same meaning prescribed in section 38-711.
9. "LTD program" means the long-term disability program established by this article.
10. "Member" has the same meaning prescribed in section 38-711.
11. "Monthly compensation" means one-twelfth of a member's annual compensation paid and payable in the fiscal year during which a member develops a disability.
12. "Normal retirement date" has the same meaning prescribed in section 38-711.
13. "Political subdivision" has the same meaning prescribed in section 38-711.
14. "State" has the same meaning prescribed in section 38-711.