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Important News

  • New Fiscal Year and Contribution Rates

    June 15, 2022

    On July 1, the ASRS will begin a new fiscal year – FY 2022-23. For members, this is always when your new contribution rates will go into effect. Starting July 1, 2022, the new total contribution rate (which includes pension benefits, health insurance benefits, and long term disability benefits) will be 12.17%, adjusted down slightly from the FY 2021-22 rate of 12.41%.

    Understanding Your Contribution Rate

  • Leaving The ASRS and Cash Refunds: An Example

    June 10, 2022

    In this infographic, we look at an example of an ASRS member with an estimated refund of $10,000 to see how taxes apply, what penalties may be assessed, and what the estimated remaining cash amount could be. (Along with options available to avoid those penalties and taxes.)

  • Work in Education? Things Add Up a Little Differently!

    May 18, 2022
    So, you work for a school as a nine-month teacher or employee. Did you know your ASRS service is calculated differently than your 12-month counterparts in public service? There are a few other differences, too!

More ASRS News

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