ASRS retirement; legislators; other employment

SB 1474 allows state elected officials (like legislators) who reach retirement age to retire from the Arizona State Retirement System (ASRS) while continuing to hold their elected office without resigning. It specifies that such officials become "retired members" as of their retirement date, and their employer continues paying the required alternate contributions. The bill ensures these officials retain ASRS coverage and benefits under sections 38-782 and 38-783, without needing to resign their elected position. This change directly affects current and future state legislators who reach retirement eligibility.