Important News

  • Legislative Updates from the 52nd Legislature, Second Regular Session

    April 29, 2016

    The 52nd Legislature – Second Regular Session continues, with the Legislature now focusing primarily on the state budget. The ASRS has four bills that have minor impacts to ASRS members but will clarify a few issues:

  • Karl Polen named Chief Investment Officer

    March 1, 2016

    Karl Polen, head of private markets in the ASRS Investment Division, has been appointed Chief Investment Officer of the ASRS by Director Paul Matson, effective March 1.

    Mr. Polen, who has been with the ASRS since September 2010, replaces Gary Dokes, who departed February 29 to accept a position as the first Chief Investment Officer for the Arizona Community Foundation, a state-wide charitable organization.

  • Chief Investment Officer to take new position at local charity

    February 3, 2016

    Gary Dokes, Chief Investment Officer (CIO) at the Arizona State Retirement System (ASRS), has accepted a newly created position as CIO at the Arizona Community Foundation, a state-wide charitable organization. As such, Mr. Dokes’ last day with the ASRS will be Feb. 29.

  • ASRS Legislative News

    January 25, 2016

    The 52nd Legislature – Second Regular Session opened on Jan. 11 and the ASRS has four bills introduced that have minor impacts to ASRS members but will clarify a few issues.

    House Bill 2104 – Retention of Credited Service This bill states that an employee who is employed with an ASRS employer in a position that was exempt from ASRS membership because the position was not included Social Security coverage, but on whose behalf the employer has remitted ASRS contributions, will retain credited service for the period of employment for the contributions made by the employer.

  • Contribution rates set for next fiscal year

    December 8, 2015

    At its December 4 meeting, the ASRS Board of Trustees accepted valuations for the various ASRS program plans and approved new contribution rates for the Defined Benefit Plan for fiscal year 2016-17, which take effect July 1, 2016.

    Despite a down year of market returns, the total contribution rate for the defined benefit plan, health insurance supplement and long term disability plan will be 11.48 percent for both employer and employee, up just slightly from the current rate of 11.47 percent.

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