38-797 - Arizona Statutes

38-797. Definitions 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 becomes disabled. 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.