HB 2015 Arizona House · 57th Legislature - First Regular Session

EORP; CORP; funded ratio

HB 2015 adjusts retirement contribution rates for Arizona state elected officials participating in the Employees' Retirement Plan (ERP). It sets specific contribution percentages based on when officials joined the plan: 7% for those who joined before July 20, 2011, and 13% for those joining on or after July 20, 2011. The bill also establishes rules requiring employers to fund the plan at a minimum level to maintain a healthy "funded ratio," using actuarial valuations to determine necessary contributions. These changes directly affect elected state officials covered under the ERP, impacting their retirement savings and employer funding obligations. The law was signed by the governor in July 2025.

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Mar 2025

House Passage

Feb 2025

Senate Passage

Jun 2025

Signed into Law

Jul 2025

Introduced Jan 3, 2025 Signed Jul 1, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

House Engrossed Version → Chaptered Version · 4 edits

MODERATE

This bill was formatted and finalized into a chaptered version with minor text corrections and formatting adjustments. The substantive policy content regarding Arizona's public retirement systems, including contribution rates, funding requirements, and employer obligations, remains unchanged from the House Engrossed version.

TECHNICAL

Formatting and layout adjustments were made to convert the bill from a House Engrossed draft to a Chaptered version, including adding chapter number 261 and adjusting spacing and line breaks.

Minor text corrections were made, such as changing 'H.B. 2015' to 'HOUSE BILL 2015' and adjusting section numbering and capitalization for consistency.

Added formal chapter header information including 'Chapter 0261 - 571R - H Ver of HB2015' and approval dates from July 1, 2025.

Removed redundant header information from the House Engrossed version and replaced with standard chaptered bill formatting.

Introduced Version → House Engrossed Version · 7 edits · Jun 27, 2025

MODERATE

This bill updates Arizona's public retirement system laws to clarify contribution rules, funding requirements, and employer responsibilities for different employee groups. The changes primarily affect how employers and members contribute to retirement funds, when contributions can be suspended, and how excess assets are managed. These updates aim to improve financial stability and ensure adequate funding for future pension benefits.

Scope change

The bill maintains the same scope of applicability to Arizona public retirement systems but clarifies rules for different employee categories including elected officials, dispatchers, and employees hired before or after July 1, 2018.

FISCAL

Modified contribution calculation rules for elected officials, changing rates from 7% to 13% for those hired on or after July 20, 2011, with specific transitional rates for fiscal years 2011-2014.

Modified rules for when member contributions above 7% can be used to reduce employer contributions, now requiring employer funded ratios to reach 100% before such reductions occur.

Added $5 million annual state appropriation from 2013-2014 through 2042-2043 to supplement retirement plan costs for elected officials.

REQUIREMENT

Added new requirements for employers to pay member contributions from dedicated retirement deduction accounts, with specific timing for when employer payments become effective based on IRS notification.

Modified suspension rules for employer contributions, adding requirements that stabilization reserves be fully funded and board fiduciary responsibility confirmed before suspensions can occur.

TECHNICAL

Added new subsections for asset transfer procedures between employer accounts and clarified which employers are excluded from certain transfer provisions.

DEFINITION

Modified definitions and classifications for designated versus nondesignated positions in corrections, juvenile corrections, and judiciary departments.

Floor votes · Senate Jun 27, 2025 · House Feb 13, 2025

How they voted

21–8

Passed · 1 other

Total votes 30

Jun 27, 2025

D Democratic13

13 Yea

100% Yea

R Republican17

8 Yea 8 Nay 1

47% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jul 1, 2025

Signed into law

Signed by Governor

executive

Jun 27, 2025

Upper · Passed

PASSED

upper

Mar 3, 2025

Upper · Passed

upper

Feb 13, 2025

Lower · Passed

PASSED

lower

Feb 5, 2025

Lower · Passed

lower

1 primary · 0 co-sponsors