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Social Security: More Than Just Retirement Benefits!

How much do you know about Social Security? Regardless of your age, it’s good to have a foundational knowledge of what it is and what it provides – including disability benefits, survivor benefits and, of course, retirement benefits. In fact, Social Security is a fundamental part of your retirement plan! The ASRS is meant to be only one part of your financial retirement picture, with Social Security and personal savings making up the rest.

Who Gets Your Money?

Currently, the ASRS has over 620K members who are either receiving benefits as a retiree or have money on account as an active or inactive member. With that many members, there are a few situations we see all too often. One of those situations is being contacted by the family member of a deceased ASRS member trying to figure out how to manage the now-deceased member’s ASRS account. In the process of helping one recent such case, it was discovered that the deceased member had never registered their myASRS account and didn’t have any beneficiaries listed with the ASRS.

A Review of the 2021 Employer Conference

Beginning in late August, and throughout September, ASRS employers met with the Employer Relations Team to attend the 2021 Employer Conference. Out of an abundance of caution, conferences were held virtually this year. We held 18 virtual conferences attended by 991 employer representatives.

The Importance of Getting Employees Enrolled

One of the first things all new members should do is enroll in their online myASRS account using their ASRS employer’s enrollment code. Once the member is enrolled and registered, they will have full access to their account, where they can easily track their retirement progress and keep their account updated.

Your Annual 'Basics' Viewing

Available online, the ASRS Basic for Employers video series and accompanying handbook are vital resources for all ASRS employers. While especially helpful for new employers, we recommend all employers review the “Basics” materials at least annually.

Common Questions: Alternate Contribution Rate

Did you know the Alternate Contribution Rate (ACR) applies to all ASRS retirees who return to work for an ASRS employer? This is true regardless of early or normal retirement status and the number of hours worked in a pay period. It also means a return-to-work retiree’s 20/20 employment status does not matter.

New ACH Payment Features!

One of our priorities at the Arizona State Retirement System is to utilize technology to create efficient, user-friendly products for our members as well as employer partners. We are excited to share a new payment process with you, which includes: miscellaneous ACH payment processing, payment history search screens, and more.

2021 Employer Conference Starts Today!

Our 2021 Employer Conference is here! To ensure the safety of all our attendees and staff, this year’s conference sessions will once again be held entirely online.

Education for New and Retiring Employees

One of the first things all new members should do is enroll in their online myASRS account using their ASRS employer’s enrollment code. Once the member is enrolled and registered, they will have full access to their account, where they can easily track their retirement progress and keep their account updated.

Hiring ASRS Retirees

When an ASRS retiree returns to work for an ASRS employer and meets active membership criteria, active contributions must begin, and the member’s pension is suspended. At that point, the member will not receive a pension benefit until they either terminate employment or reduce their hours (as outlined below) and re-retires. 

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