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Here's What's New!

New Location for ASRS Tucson Office Now Open

A new Location for the ASRS Tucson office opened for business on Tuesday, February 16th at 4400 E Broadway Blvd., Suite 200.

Contribution rates set for next fiscal year

At its December 4 meeting, the ASRS Board of Trustees accepted valuations for the various ASRS program plans and approved new contribution rates for the Defined Benefit Plan for fiscal year 2016-17, which take effect July 1, 2016.

Despite a down year of market returns, the total contribution rate for the defined benefit plan, health insurance supplement and long term disability plan will be 11.48 percent for both employer and employee, up just slightly from the current rate of 11.47 percent.

ASRS building closed Friday morning due to building emergency

The ASRS Phoenix office was closed Friday morning due to an electrical fire in the 3300 Tower building at Central Avenue and Osborn Road.

The small fire from an elevator motor on the 28th floor was quickly extinguished but the building remained evacuated until approximately noon. There were no injuries reported.

During that time, the ASRS phone center was also closed. The ASRS apologizes for any inconvenience callers or visitors may have experienced.

ASRS recognized for professional standards

The ASRS has been awarded the Public Pension Standards Award for 2015 from the Public Pension Coordinating Council. The award recognizes the ASRS for “meeting professional standards for plan funding and administration.”

The standards as set forth by the PPCC cover such areas as benefits, funded status, plan valuation, investment policies and member communications. It is the 11th consecutive year the ASRS has received this prestigious award.

ASRS Basics for Employers Seminar - New Fall 2015 Dates

New to working with the ASRS? Sign up for "Employer Relations for ASRS Basics for Employers", an overview of employer responsibilities regarding the Arizona State Retirement System.

Employer Website Security Enhancements

The ASRS relies on its authorized employer partners to assist in keeping the ASRS website secure. In our continuing efforts to maintain high standards of security, the ASRS is implementing additional employer security protocols, effective Friday, September 25, 2015.

ASRS Funding Policy available for review

An ASRS Funding Policy, a formal document outlining the strategies and goals for assuring the long-term sustainability of the ASRS plans, is now available for review under the ASRS Policies page on our website.

The six-page document outlines the formal methodology for financing the pension, health insurance and long-term disability plan obligations. Each plan is sustainable with current assets, plus future contributions from employees and employers, plus investment earnings.

Office of the Auditor General report on ASRS available for review

The state Office of the Auditor General recently conducted a Performance Audit and Sunset Review of the Arizona State Retirement System (ASRS), a review that takes place every 10 years for state agencies. These audits are designed to determine whether an agency is achieving the objectives established by the Legislature and whether it is managing its resources in an effective, economical, and efficient manner. The report states although the ASRS plan is not fully funded, steps have been taken to improve its long-term sustainability.The report also noted that the ASRS serves an important function in Arizona. The full report, a summary report and the ASRS response are all available for public review on the Office of the Auditor General’s website – www.azauditor.gov

Notice Regarding ASRS-sponsored Meetings

The ASRS conducts educational meetings for its members which are facilitated by ASRS staff. Be advised that private companies and/or financial planners may also publicize their own meetings about retirement preparation, the ASRS and/or Social Security. The ASRS is NOT affiliated with any such meetings and is not responsible for these private solicitations. The ASRS does not make its members' personal information available to private organizations and we strongly caution all members and retirees against providing personal information to persons or organizations unknown to you.

EMPLOYERS: GASB 68 Update & Reporting Document Now Available

The ASRS' GASB 68 Reporting Document is now available on the GASB Information page.

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