ASRS; long-term disability

HB 2090 modifies Arizona's Long-Term Disability (LTD) program under the Arizona State Retirement System (ASRS). It sets a cap on monthly LTD benefits at two-thirds of a member's monthly compensation, with specific reductions for social security benefits (85% for post-July 1, 2008 disabilities, excluding certain fees and cost-of-living adjustments) and other income like workers' compensation, veteran's disability payments, or employer-provided benefits. The bill establishes a $50 minimum monthly benefit and clarifies that ASRS must offset benefits to ensure total income from all sources doesn't exceed 100% of the member's pre-disability compensation. This directly affects ASRS members who become disabled, determining their benefit amount based on these calculations and exclusions.