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Your Pension - Did You Know?

There are a number of other benefits included with your membership in the ASRS!

The Affect of "When?" on Your Pension

When considering retirement there are a lot of factors to think about, but did you know that the decision of when to retire effects your pension benefit? The ASRS uses the following fairly simple formula to calculate the Straight Life annuity, the highest paying retirement option to calculate your base line monthly benefit:

How Well Do You Know Your Pension?

Pensions are not as common as they used to be, which can lead to not fully understanding what you’re a part of, how it benefits you, and how to best take advantage of the benefits available to you. To further that understanding, let’s take a look at what the Arizona State Retirement System is, and what it isn’t.

A Look at the ASRS Approach to Business

Here at your ASRS we generally agree with the adage that “What gets measured gets managed.” As a result, we measure and analyze an array of activities that fall into the following general categories: investment performance, member satisfaction, service standards & cost structure, and staff engagement, to ensure top tier performance. When there is not top tier performance – we take positive and supportive action.

ASRS Board of Trustees

The Arizona State Retirement System is governed by a nine-member Board of Trustees, appointed by the Governor and confirmed by the state Senate.

The Board acts as a fiduciary of the ASRS trust fund with powers and duties outlined in state statute.

An Alternative Savings Plan for ASRS Members

In addition to your pension, long-term disability and retiree health insurance benefits, the ASRS offers another program many of our active members find to be of value – the ASRS Supplemental Savings Deferral Plan – or SSDP for short.

A Summary of Recent ASRS Legislation

The 54th Legislature, First Regular Session adjourned sine die on May 28, 2019 and the general effective date for legislation that was passed and signed by the Governor is August 27, 2019.  The legislature passed two bills that have a relatively minor impact on members and retirees. Below is a brief summary. You can also find more detailed information about these bills and other retirement-related bills in the 2019 Legislative Summary book at AzASRS.gov, on the Legislation page under the About Us tab.

A New State Social Security Administrator!

Arizona has a new State Social Security Administrator!

In 2018, legislation passed that allowed the Governor to designate a state agency to serve as the Social Security Administrator.  Prior to that legislative change, the ASRS had been designated and served as the Social Security Administrator.

Employer Conference: Did You Know...

Did you know...

… that state law requires your employer to send a representative to attend the ASRS Employer Conference every year?

… that while some Employer Conference topics are perpetual, the content is only new information?

… that it only takes 90 minutes of your time to attend an Employer Conference?

… that the Employer Conference is held throughout the state and in webinar form?

2019 ASRS Legislation Relevant to Employers

The Arizona Legislature adjourned its regular session on May 28, 2019.  Several bills passed which affect the ASRS and its employers and members.  The general effective date for these bills is August 27, 2019.  

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