Here's What's New!

With our annual ASRS Employer Conference coming up next week, we want to highlight the resources we’ll be referencing in many of our presentations. The Employer Reference Materials webpage is where you’ll find many of the guides employers use on a regular basis. This page will also be updated with PDF copies of the general and breakout sessions. 

What is the ACR this year, and how is it determined?

For Fiscal Year 2024-25, which began July 1, 2024, the ACR is 10.19%. The ACR is determined on an annual basis along with the regular contribution rates (pension and LTD) for eligible employees and employers. The rates are typically approved by the ASRS Board of Trustees in November for the following fiscal year (beginning July 1), following a presentation by the ASRS actuary on the annual actuarial valuation of the plan.

Even though you’re already a member and have a myASRS account, if you’ve recently changed ASRS employers, it’s important to go through the online enrollment process again with your new employer’s enrollment code.

Enrollment Code

Are you still receiving paper checks from the ASRS for Health Insurance Premium Benefits or Excess Benefits Arrangements? Did you know you can receive payments five to ten days faster -- and more securely -- by taking advantage of direct deposit?

Employers are strongly encouraged to begin this process now by completing the Employer/Vendor ACH Direct Deposit form, available in your Employer Secure Account on the Forms & Packets page. This process will allow you to receive the payment five to ten days faster each month.

ASRS employers have unique and statutory obligations to ensure employee participation, make required contributions, and process retiring employees. One of our priorities at the ASRS is to utilize technology to create efficient, user-friendly products to make meeting those obligations as easy as possible.

To that end, employers can now submit ACH miscellaneous payments through their Employer Secure Account. We highly encourage employers to take advantage of the electronic deposit method as soon as possible.

If you provide medical and/or dental insurance for your retirees or employees who are receiving Long Term Disability benefits, you must submit the Annual Employer Provided Health Insurance Plans and Premiums Packet (PPR) before your new plan year begins to continue receiving the correct premium benefit payment.