One of the most important concepts with respect to managing a large organization is governance. With respect to the Arizona State Retirement System, the organization is governed by a nine-member Board, appointed by the Governor and confirmed by the state Senate.
Important News
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The Role of the Board & New Appointees
July 19, 2021 -
The Retirement System Equation
June 17, 2021A formula that is very important at the ASRS, but one that most of us would not learn about outside of retirement fund management:
C + I = B + E
Contributions plus Income equals Benefits plus Expenses. This is the essence of how your retirement system is funded! A description of these four factors:
“Contributions” refer to the deductions that you and your employer equally pay. These contributions are collected with every payroll and then invested by the ASRS.
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A Service Purchase Overview: Types & Price
June 14, 2021The ASRS Service Purchase Program is a benefit that allows active members with previous qualifying service to purchase past service time. There are 5 types of qualifying service, with the most common being the purchase of Forfeited Service or the purchase of Other Public Service. While it can be costly, it can also be beneficial - potentially increasing your lifetime benefit and/or allow you to retire earlier than you planned.
Featured Sections
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Supplement Your Retirement
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Board of Trustees
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Bill Tracker
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Abandoned Monies
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Member Education
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Rules
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Investments
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Legislation