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The Importance of Correct Pay Types

When completing online contribution reporting, whether it be web-based or file upload, it is important to use the correct pay types when reporting contributions. Understanding and applying the correct pay type helps the ASRS not only identify what compensation should and shouldn’t be included in the calculation of an employee’s pension benefit, it reduces the delay in processing that can result from having to get clarification from the employer.

The 65+ Membership Waiver: Important, Time-Sensitive!

New employees of ASRS employers may be eligible to waive participation in the ASRS, but only if they meet certain criteria.

Reminders for Hiring ASRS Retirees

If an employee is new to your organization, it is important to do some research in order to determine their ASRS eligibility or status. This helps you verify whether the employee is brand new to ASRS, an established member, or a Return to Work (RTW) retiree with ASRS.

NEW: Employer Town Halls

Please keep an eye out for targeted emails and announcements on the Employers webpage for our next outreach endeavor, branded as Employer Town Halls. Much like advisor hours in college, the Employer Relations Team will schedule some dedicated time to be available to their assigned employers. Our liaisons will invite their designated employers to join them in a Google Meet to express any concerns, ask questions and make suggestions for how we can improve our service delivery.

Basics for Employers: A Review

For the first time in two years, the Employer Relations Team presented the ASRS Basics for Employers presentations live. The last two years brought about unprecedented challenges to how we conduct business. The ASRS had to quickly adapt from in-person group meetings to virtual and recorded sessions, and until this May, offered our Basics training exclusively through a series of recorded videos.

Resources for Retiring Employees

While the majority of our members have been in contact with the ASRS and planning their retirement for a few months, if not a few years, there are still a good number of members who may suddenly decide to retire out of necessity or impulse without much planning.

Work in Education? Things Add Up a Little Differently!

So, you work for a school as a nine-month teacher or employee. Did you know your ASRS service is calculated differently than your 12-month counterparts in public service? There are a few other differences, too!

Retiring in a Few Years?

We take a quick look at a number of topics important to anyone thinking about retirement, and point you in the right direction for more information.

460 Report: What is it & How to Use It.

For employer-users with the “HI Premium Benefit Specialist” role, the reconciliation report (also known as HI460, or the 460 Report) is available from the Reports page of the secure myASRS employer portal on a monthly basis. The reports for the most recent three months are available for download. This report lists all retired and LTD members who have elected retired or COBRA coverage through their employer, as well as the Health Insurance Premium Benefit (HIPB) dollar amount to be applied towards each member’s monthly premiums.

Health Insurance Premium Benefit: How is it Applied?

As part of our members’ benefits, the ASRS provides a health insurance premium benefit (HIPB) to help with the cost of retiree health insurance. To be eligible for the HIPB, a retiree or Long Term Disability (LTD) recipient, must have at least five years of service and be enrolled in an ASRS health insurance plan, or a non-subsidized health insurance plan offered by an ASRS employer.

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