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Your Pension - Did You Know?

There are a number of other benefits included with your membership in the ASRS!

Long Term Disability (LTD)

If you become disabled while working as an ASRS member, you may qualify to receive a monthly long term disability benefit. If approved, the ASRS will pay you a benefit equal to 66 2/3% of your salary, less any benefit offsets. These benefits will continue to be paid until you: return to work, cease to meet the definition of disability, pass away, or reach retirement eligibility.

Retiree Health Insurance

When you retire (or become disabled), you become eligible to enroll in an ASRS sponsored health insurance program. The ASRS has health insurance plans geared to retirees who have reached Medicare eligibility, as well as those who have not.

Health Insurance Premium Benefit Supplement

Retirees with five or more years of service who are enrolled in a health insurance program sponsored by the ASRS or an ASRS employer are eligible to receive a premium benefit supplement each month to help reduce retiree health insurance premiums.

Service Purchase

Active members may be eligible to purchase additional ASRS service credit in order to increase their total ASRS benefit.

For additional information on all of the above benefits (and more!) visit AzASRS.gov and browse the Members and Retirees sections. 

By Sara Orozco, Strategic Planning

Published in Expanding Your Financial Horizons digital newsletter August 2019

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