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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.

Living with Diabetes

Diabetes is a disease where your body’s ability to produce or respond to the hormone insulin is impaired. Insulin is produced in the pancreas and regulates the amount of glucose in the blood allowing it to be turned into energy and used, or stored. This impairment results in abnormal metabolism of carbohydrates causing elevated glucose levels in the blood.

Human Resources or ASRS?

Sometimes, it’s hard to know whether you should be helping to answer an employee’s questions about the ASRS or their pension, or when you need to point them our way. In general, if they have questions specific to their account – such as benefit estimates or possible retirement dates – they’ll need to either contact the ASRS or log in to their secure myASRS account. If they have more general questions – what or who the ASRS is, benefits of their pension plan, etc. -  it’s good for employers to be able to have answers.

Thinking of Refunding?

If you're leaving the ASRS prior to retirement, you may be wondering if you should refund your account. You can, but you don't have to. You have options!

Can I Borrow Against My Pension?

“Can I borrow against my ASRS account?” is a common question. Unfortunately, the answer is no. The ASRS does not permit for members to take a loan from their account.  This may not be the case for Defined Contribution plans, such as a 401(k) or 457(b), which typically allow account holders to borrow against the balances in some fashion. 

Take Your Pension With You!

Did you know that your retirement pension is totally portable? The Arizona State Retirement System (ASRS) has over 700 employers representing all levels of education, counties and State service. 

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