Awards: Excellence in Financial Reporting


Financial Reporting Excellence

By David Cannella, ASRS Public Affairs & Media Relations

For the 27th consecutive year, the Arizona State Retirement System has been awarded the Certificate of Achievement for Excellence in Financial Reporting for its Comprehensive Annual Financial Report.

The award by the Government Finance Officers Association of the United States and Canada recognizes “achievement in the highest standards” for government accounting and financial reporting.

The GFOA also recognized the ASRS for its Popular Annual Financial Report, a reader-friendly summary of the full annual report.

Nancy Bennett, Chief Financial Officer for the ASRS, and Erin Higbee of Financial Services, were presented the two awards at a recent Board of Trustees meeting.

“This recognition shows the high standards that the ASRS meets in its financial reporting and serves to confer confidence to our members that their retirement fund is soundly managed,” ASRS Director Paul Matson said. “It also speaks highly of our staff and their commitment to excellence.”

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.

Pictured, left to right:

Anthony Guarino, ASRS Chief Operations Officer; Nancy Bennett, ASRS Chief Financial Officer; Erin Higbee, ASRS Financial Services; and Paul Matson, Director of the ASRS

2015 GFOA Awards Presentation photo

Public Pension Standards Award

The ASRS has been awarded the Public Pension Standards Award for 2016 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 12th consecutive year the ASRS has received this prestigious 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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