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An Overview of our Board of Trustees

A look at the makeup of our Board of Trustees, how often they meet, and how to view meetings online.

Summer School & Your Pension

As many of our members are school staff and work less than 12 months a year, the question of how working extra over the summer affects your future pension is a common one.

First, a quick note about how non-12-month school staff earn service credit. Because of the shortened work year, these ASRS members earn more service per month (.111 credit per month) than a traditional 12-month employee (.083 credit per month). This is to make sure that non-12-month members earn a full year’s worth of service between the start and end of their school year. 

ASRS Statement on Silicon Valley Bank/Signature Bank Issues

The Arizona State Retirement System is providing the following information with regard to the receivership of Silicon Valley Bank and Signature Bank as they relate to the ASRS investment portfolio.

The ASRS had relatively small index-like investments in shares of SVB Financial Group (the parent company of Silicon Valley Bank) and Signature Bank.

Long Term Disability Reminders

Do you have an employee who you submitted a long term disability (LTD) claim packet for, or an employee that is currently on LTD? If you answered yes to either of these questions, please note the following:

User Roles Defined & Explained

The Employer Administrator is responsible for authorizing access to the applications available on the ASRS secure employer website for registered employer users.

Contribution Reporting: How to Pay Late Charges

Each employer must certify the amount of member and employer contributions on each payroll and submit that amount to the ASRS on a due date prescribed by the ASRS Board of Trustees. (A.R.S. § 38-735)

Assisting Employees Approaching Retirement

Retirement can be an exciting yet challenging time for soon-to-be retirees. While employers play an important part after a member retires by ensuring we receive their Ending Payroll Verification form in a timely manner, you can also play an important role before an employee retires. 

Compliance & the Review Process

Each year the ASRS conducts reviews of employer accounts to ensure that our employer partners follow guidelines established in Arizona Revised Statutes (A.R.S.) 38-711 through 38-794, as well as Arizona Administrative Code (AAC) Title 2 Chapter 8.

Employer Basics: Topics, Format Updates for 2023

The Employer Relations Team has started its annual planning and preparation for the ASRS Employer Basics 2023 webinars. We took lessons learned from our first live presentations in 2022 and will be offering Basics as a series of interactive webinars rather than a 3-hour-plus online workshop.

The ASRS Employer Basics webinar is essentially a walk-through of the ASRS Employer Manual. We cover topics such as membership eligibility, enrollment processing, contribution reporting, health insurance premium benefits, long term disability, and hiring retirees, just to name a few. 

Looking Back: an Employer Conference Recap

From September through the first week of October, the Employer Relations Team hosted eight virtual Employer Conferences. This year’s conference was designed much differently from previous virtual conferences in answer to feedback from the 2021 conferences. 

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