Constitution of Arizona (2009 publisher edition) — Article XXIX: PUBLIC RETIREMENT SYSTEMS

Publisher edition notice: This collection contains the complete official legislative PDF edition dated 2009. Later amendments are not included in this edition; consult the publisher's current constitution pages for current law.

Article XXIX PUBLIC RETIREMENT SYSTEMS

1. Public retirement systems

Section 1. A. Public retirement systems shall be funded with contributions and investment earnings using actuarial methods and assumptions that are consistent with generally accepted actuarial standards. B. The assets of public retirement systems, including investment earnings and contributions, are separate and independent trust funds and shall be invested, administered and distributed as determined by law solely in the interests of the members and beneficiaries of the public retirement systems. C. Membership in a public retirement system is a contractual relationship that is subject to article II, section 25, and public retirement system benefits shall not be diminished or impaired.