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ASRS Legislative News

The 52nd Legislature – Second Regular Session opened on Jan. 11 and the ASRS has four bills introduced that have minor impacts to ASRS members but will clarify a few issues.

House Bill 2104 – Retention of Credited Service This bill states that an employee who is employed with an ASRS employer in a position that was exempt from ASRS membership because the position was not included Social Security coverage, but on whose behalf the employer has remitted ASRS contributions, will retain credited service for the period of employment for the contributions made by the employer.

House Bill 2159 – Rulemaking Exemption This bill would allow the ASRS an exemption from the Administrative Procedures Act (rulemaking) for the following processes: actuarial assumptions and calculations; investment strategy and decisions; certain accounting methodologies.

House Bill 2160 – Eligible Rollovers This bill would allow the ASRS to no longer accept “indirect rollovers” for payment of service purchases made by members. Payments for service purchase can continue to be made through “direct rollovers” that is, funds transferred directly from a qualified tax plan or through a personal check. Service purchase payments through indirect rollovers are rare for members and can be confusing and potentially result in double taxation.

Senate Bill 1037 – Board Delegation This bill would permit the ASRS Board of Trustees to delegate the duty and authority to act on the Board’s behalf to a Committee of the Board for purposes of determining the rights, benefits or obligations of any person for related administrative hearings. For example, the full Board may choose to allow a Committee of the Board to hear individual appeals of such issues as pension calculations or Long Term Disability determinations rather than having them presented to the full Board.

You can follow the legislative process of these and other bills on our ASRS Bill Tracker, which is updated daily throughout the session.

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