Ariz. Admin. Code § 2-8-804

Current through Register Vol. 30, No. 50, December 13, 2024

Section R2-8-804 - Collection of Overpayments from Forfeiture

A. Unless a member cancels a forfeiture request by submitting written notice to the ASRS within 30 days of the request to forfeit, the ASRS shall reduce a member's refund amount in order to offset the member's overpayment amount pursuant to subsection (B).

B. The ASRS shall reduce the member's refund amount by the amount of any overpayment and the ASRS shall:

1. Pursue collection of any remaining overpayment amount pursuant to this Article; and

2. Distribute the remaining refund amount to the member pursuant to R2-8-115.

Ariz. Admin. Code § R2-8-804

New Section made by final rulemaking at 23 A.A.R. 2750, effective 11/13/2017.