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Here's What's New!

Contribution Rates, ACR Remain Stable For Next Fiscal Year

After the close of each fiscal year, the ASRS conducts a valuation of the various benefit plans that it manages to ensure they are fiscally sound. Click to read about the rates for fiscal year 2017.

Tax Time is Coming

As 2016 comes to its conclusion, the ASRS is preparing 1099 tax forms to be mailed to retired members. Forms will be mailed out no later than February 1st 2017.

Awards: Excellence in Financial Reporting

The ASRS received the Certificate of Achievement for Excellenct in Financial Reporting for the 2015 Comprehensive Annual Financial Report (CAFR) and the Award for Outstanding Achievement in Popular Annual Financial Reporting (PAFR) from the Government Finance Officers Association. Read on for more about ASRS achievements in financial reporting:

 

Sometimes Age Matters

Are you only 14? Or, is that just what your ASRS record says? The ASRS Internal Audit section recently identified a member who was listed as a 14-year-old. What was likely a miscued number in our database can have unintended consequences down the line. Read More to learn the potential impact - and how to avoid it! 

Millennials and Saving Money

Saving for the future - on one hand, you know that the earlier you save for retirement, the better off you’ll be. But, bills still need to get paid! Read More for tips to help you stretch those dollars & make putting away a nest egg a reality.

Protecting Your Online Accounts

Have you have ever stared at a login screen of an infrequently visited website, trying to recall your password? I have often stared blankly at the screen, searching my brain for that unhackable password I created—only to realize it’s so obscure, I can’t remember it! Here are some tips for creating a strong password:

About the ASRS LTD Vendor Transition

Effective September 1, Broadspire Services Inc., replaces Sedgwick as administrator of the ASRS Long Term Disability (LTD) Program. What does this mean for ASRS employers?

New Proposed Rule for Hiring a Retiree

The ASRS is currently undergoing the rulemaking process to require retirees who return to work for an ASRS employer, under specific criteria, to submit a “Working After Retirement” form to their employer. Read on for full details… 

Service Purchase Payroll Deduction Agreements

The Service Purchase Program allows some members to purchase past service time, which may increase a lifetime monthly benefit or qualify some for an earlier retirement date. Here are some quick reminders about Payroll Deduction Agreements…

FAQs for Employers: Enrollments & Demographics

Does updating employee’s demographic records in our system, automatically update the same info with the ASRS? Can a newly enrolled employee update their ASRS beneficiary before they have made a contribution? These questions and more answered… 

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