38-823. Discount rate; service purchase; transfer of service credits A. Beginning July 1, 2017, the discount rate specified in subsection B of this section applies to service purchases or transfers of service credits to the plan pursuant to the following sections: 1. Section 38-816, subsection C. 2. Section 38-820, subsection A or B. 3. Section 38-821. 4. Sections 38-921, 38-922, 38-923 and 38-924. B. The discount rate is an amount equal to the assumed rate of return that is prescribed by the board.
Arizona Legal Code