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New Fiscal Year
On July 1, the ASRS will begin a new fiscal year – FY 2021-22.

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Important News


  • The Role of the Board & New Appointees

    July 19, 2021
    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.
  • The Retirement System Equation

    June 17, 2021

    A 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.

  • A Service Purchase Overview: Types & Price

    June 14, 2021

    The 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.

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