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Awards: Financial Reporting and Plan Funding & Administration

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 2019 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 31st consecutive year the ASRS has received this prestigious recognition.

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 can be viewed on our Annual Reports page.

The award was presented to ASRS Chief Financial Officer Erin Higbee and her team at the September Board of Trustees meeting.

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.

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Separately, the ASRS has also been recognized with the Pension Standards Award for 2020 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 16th 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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