Home

Office of the Auditor General report on ASRS available for review

The state Office of the Auditor General recently conducted a Performance Audit and Sunset Review of the Arizona State Retirement System (ASRS), a review that takes place every 10 years for state agencies.

These audits are designed to determine whether an agency is achieving the objectives established by the Legislature and whether it is managing its resources in an effective, economical, and efficient manner.

The report states although the ASRS plan is not fully funded, steps have been taken to improve its long-term sustainability. The report states that adapting investment strategies have led to increased funding and appear prudent.

The report also noted that the ASRS serves an important function in Arizona.

“The thorough review by the Office of the Auditor General of the Arizona State Retirement System is very much appreciated” ASRS Director Paul Matson said.

The full report, a summary report and the ASRS response are all available for public review on the Office of the Auditor General’s website – www.azauditor.gov

Was this page helpful?: 
Average: 2.7 (3 votes)