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Here's What's New!

A Look at Cash Refunds: An Infographic

In this infographic, we look at an example of an ASRS member with an estimated refund of $10,000 to see how taxes apply, what penalties may be assessed, and what the estimated remaining cash amount could be. (Along with options available to avoid those penalties and taxes.)

Nearing the Retirement Finish Line?

A look at "Route 4: Next Exit Retirement" - the final session of our four-part educational series, geared towards members thinking of retiring within 6 months. 

The Status of In-Person Meetings

As the number of vaccinated Americans grows, the Arizona State Retirement System continues to evaluate the possibility of resuming our in-person presentations for both our employer partners and members. The most recent decision: to continue holding our meetings in a virtual environment. 

Familiar with Ending Payroll Verification Requests?

Ending Payroll Verification (EPV) requests are sent by the ASRS to employers when we need to verify the termination of and final payrolls for past or present employees. Accessed via your secure employer myASRS account, there are several situations in which we’ll request an EPV: Retiring employees, prior employees who are now withdrawing their ASRS contributions, or the need to process survivor benefits for a member who has passed away.

When Are You 'Vested' in the ASRS?

Vesting is a term used often when discussing a retirement account. However, the ASRS benefit programs do not have a “vesting” schedule. Members must meet certain requirements before being eligible to receive: retirement benefits, health insurance, premium benefit subsidy, long term disability, or participate in the ASRS service purchase program.

Refund/Forfeiture

When one of your employees asks about “vesting” with the ASRS, often these members may be referring to the percentage of employer funds they might receive if they decide to refund their account.

ASRS Selects New Chief Investment Officer, Michael C Viteri

The Arizona State Retirement System is pleased to announce Michael C. Viteri as our new Chief Investment Officer.

Mr. Viteri most recently served as Senior Investment Officer for the Oregon State Treasury, which manages investment portfolios for various Oregon state agencies with a combined market value of $124 billion, including the $89 billion Oregon Public Employees Retirement Fund.

Basics Handbook for Employers

The ASRS Basics for Employers Handbook is an overview of employer responsibilities regarding the Arizona State Retirement System. This handbook is geared toward employer Human Resources, Payroll, Benefits, and Administration personnel and designed for staff who want an update on ASRS functions and employer responsibilities concerning ASRS processes.  

Employer Reference Materials

Did you know there is a page on the ASRS website filled with resources to assist you in working with the ASRS? The page can be found in the employer section of the ASRS website and is loaded with informational guides, past Employer Update newsletters, and so much more! 

New Members of Your Employer Support Team

The ASRS Employer Relations department recently has had two of our long-tenured team members retire! While we wish them a long and happy retirement, this means that some new faces will be joining the team!

Resources For You and Your Retiring Employees

Retirement can be a daunting time for both employees and employers, but it doesn’t need to be! We have plenty of online resources and AzASRS.gov to answer questions for both you and your employees. 

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