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Important News

  • Ruling changes ASRS compensation definition regarding employer-paid deferred comp payments

    April 21, 2017

    On March 23, 2017, in the case of Wade and Paddock v. ASRS (No. CV-16-0087-PR), the Arizona Supreme Court held that employer-paid contributions on behalf of an employee to a tax qualified deferred compensation plan – such as a 457 or 401(k) – are compensation and therefore require ASRS contributions.

    Employee-paid contributions into these plans have always been considered compensation for ASRS purposes. This ruling adds employer-paid contributions are compensation as well.

  • ASRS Legislative News

    April 5, 2017

    The 53rd Legislature – First Regular Session, opened on January 9, 2017. The Arizona State Retirement System has six bills that are before legislators. They all have relatively minor impact to members and retirees, mainly clarifying language in existing state statutes .

    You can follow these and other retirement-related bills throughout the legislative session on our ASRS Bill Tracker.

  • Contribution Rates to remain stable

    December 19, 2016

    After the close of each fiscal year, the ASRS conducts a valuation of the various benefit plans that it manages to ensure they are fiscally sound. From the valuations, contribution rates are set for the next fiscal year. Despite a relatively slow economy and lower investment performance, the contribution rates for the pension plan (which includes the health insurance premium benefit) will remain unchanged for the next fiscal year, which begins July 1, 2017.

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