Blogs

The ASRS is guided by a set of official rules as well as state legislation. What’s the difference? Legislation is a law/statute created by the legislative branch of government, whereas a rule is a requirement imposed by an agency. State Statutes provide agencies the authority to create rules, which allow them to regulate or administer various government functions. Rules and legislation both carry the force of law. 

The contribution rate for the next fiscal year – which starts July 1, 2023 – has officially been announced. This rate will be effective from July 1, 2023, until June 30, 2024. The new contribution rate was presented to the Board Of Trustees in the November 18 board meeting, along with information regarding the accompanying actuarial study.

Did you know there are contribution and pension benefit limits for employees making over a certain amount? Referred to as “415 Limits” based on the Internal Revenue Code (IRC) Section 415, this can be a set of not-well-known, not-often-used rules for employers and their high-earning employees. But for those they apply to, 415 limits have a big impact. Below is an explanation of what 415 limits are, how the excess benefit is administered.

One of the most common questions we receive from retirees relates to increases in their pension. Many retirees are surprised to learn that the ASRS was not designed to provide yearly post-retirement benefit increases.

One of the most common questions we get from retirees relates to whether they will receive regular increases to their pension. Many are surprised to learn that the ASRS was not designed to provide for yearly post-retirement benefit increases. 

A look at the second eLearning in our educational series for current, active ASRS members: what it covers, who it's for, and when you should take it.