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.
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.