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ASRS members with less than 5 years of service.

New Year, New Savings: Strengthen Your Future Retirement

A new year is an ideal time to review your financial goals and consider additional savings options for your retirement future. While your ASRS pension provides a strong foundation for retirement, many members choose to enhance their long-term financial security with a supplemental savings plan.

To support members in this planning process, Nationwide Retirement Solutions, which offers a low-cost, low-fee 457(b) Supplemental Savings Plan for ASRS members, is hosting a series of live virtual educational meetings throughout 2026.

Understanding Your ASRS Contribution Rate

As a member of the Arizona State Retirement System (ASRS), both you and your employer contribute toward your future retirement. These contributions make it possible for ASRS to provide a variety of benefits, including a lifetime monthly income once you retire.

Your total contribution rate is actually the sum of multiple parts: the Pension contributions, which are deducted pre-tax, and the Long-Term Disability Income Plan contributions, which are deducted post-tax.

How Often Do Contribution Rates Change?

Can I Borrow Against My Retirement?

Many members reach out to the ASRS hoping to borrow or withdraw funds from their ASRS account for many reasons, such as making a down payment on a home or supplementing household finances. Unfortunately, Arizona law does not authorize loans from ASRS pension accounts. As a result, active and inactive members are not permitted to borrow against or take partial withdrawals from their ASRS account.

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