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ASRS recognized for Financial Reporting and Plan Funding & Administration

The Arizona State Retirement System recently received the Certificate of Achievement for Excellence in Financial Reporting for its 2020 Comprehensive Annual Financial Report.

Presented by the Government Finance Officers Association of the United States and Canada (GFOA), it recognizes “achievement in the highest standards” for government accounting and financial reporting. It is the 32nd consecutive year the ASRS has received this prestigious recognition.

The report was judged by an impartial panel and deemed to meet the high standards of the program, which includes demonstrating a constructive "spirit of full disclosure" to clearly communicate the financial picture of the ASRS.

The GFOA is the professional association of state/provincial and local finance officers in the United States and Canada, and has served the public finance profession since 1906.

The ASRS was also recognized by the GFOA for its Popular Annual Financial Report, a summarized, reader-friendly version of the comprehensive report.

Both reports, which are for the fiscal year ended June 30, 2020, can be viewed on our Annual Reports page.

Separately, the ASRS has also been recognized with the Pension Standards Award for 2021 from the Public Pension Coordinating Council. The award recognizes the ASRS for “meeting professional standards for plan funding and administration.”

The standards as set forth by the PPCC cover such areas as benefits, funded status, plan valuation, investment policies and member communications. It is the 17th consecutive year the ASRS has received this award.

The Public Pension Coordinating Council is a confederation of the National Association of State Retirement Administrators, the National Conference on Public Employee Retirement Systems, and the National Council on Teacher Retirement.

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