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Here's What's New!

Social Security Number Errors

Employers are strongly encouraged to verify that Social Security numbers which are submitted through payroll or enrollments are correct and valid.

Beneficiary Updates

New and existing employees can designate beneficiaries online. Paper beneficiary forms are no longer accepted for non-retired ASRS members and any received will be sent back to the employee.

Online Registration / Enrollment and Employer Responsibility for Census Data

Autumn bring an increase in new members to the ASRS. As employers, your role is critical in ensuring your new employees are directed to Online Registration and they see the importance of enrollment.

Workshop for New ASRS Employers: ASRS Basics for Employers

Are you new to working with the ASRS? Do you have staff that are? ASRS Basics for Employers is a three-hour workshop geared toward ASRS employer Human Resources, Payroll, Benefits and Administration personnel and covers the basics of working with the ASRS.

ASRS Recognized for Financial Reporting for 25th Consecutive Year

For the 25th 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.

Employers: Important Information on GASB 68

See the latest information on implementation of new GASB 68 reporting requirements. The ASRS has prepared an informational video: ASRS GASB 68 IMPLEMENTATION PRESENTATION (24 minutes) Additional information is on the GASB 68 webpage.

ASRS Requires Appointments to Meet with Individual Members

The ASRS recognizes some members require specialized in-person counseling. Appointments are required for all in-person counseling sessions at our Phoenix and Tucson offices. This will allow the ASRS to prepare in advance of the member’s visit and decrease wait times.

New Contribution Rates to Take Effect July 1st

The total contribution rate for the ASRS defined benefit plan and LTD program will increase slightly from the current rate of 11.54 percent to 11.60 percent, effective Tuesday, July 1st.

Going Green(er)! Benefit Advice Notice Mailings to Discontinue

In an effort to reduce costs and in keeping with our efforts to “go green and save,” the ASRS will discontinue mailing monthly direct deposit benefit advices to retirees as of January 1, 2015.

Legislative Wrap-Up

The State Legislature adjourned April 24 in what was a relatively uneventful session for new or revised laws that will affect ASRS members and retirees. Several bills that are important to the ASRS did pass and have been signed into law. But for the most part, they affect policies and procedures that will not have a significant effect on the majority of members.

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