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Your Pension - Did You Know?

There are a number of other benefits included with your membership in the ASRS!

The Affect of "When?" on Your Pension

When considering retirement there are a lot of factors to think about, but did you know that the decision of when to retire affects your pension benefit? The ASRS uses the following fairly simple formula to calculate the Straight Life annuity, the highest paying retirement option to calculate your baseline monthly benefit:

How Well Do You Know Your Pension?

Pensions are not as common as they used to be, which can lead to not fully understanding what you’re a part of, how it benefits you, and how to best take advantage of the benefits available to you. To further that understanding, let’s take a look at what the Arizona State Retirement System is, and what it isn’t.

A Look at the ASRS Approach to Business

Here at your ASRS we generally agree with the adage that “What gets measured gets managed.” As a result, we measure and analyze an array of activities that fall into the following general categories: investment performance, member satisfaction, service standards & cost structure, and staff engagement, to ensure top tier performance. When there is not top tier performance – we take positive and supportive action.

ASRS Board of Trustees

The Arizona State Retirement System is governed by a nine-member Board of Trustees, appointed by the Governor and confirmed by the state Senate.

The Board acts as a fiduciary of the ASRS trust fund with powers and duties outlined in state statute.

An Alternative Savings Plan for ASRS Members

In addition to your pension, long-term disability and retiree health insurance benefits, the ASRS offers another program many of our active members find to be of value – the ASRS Supplemental Savings Deferral Plan – or SSDP for short.

A Summary of Recent ASRS Legislation

The 54th Legislature, First Regular Session adjourned sine die on May 28, 2019 and the general effective date for legislation that was passed and signed by the Governor is August 27, 2019.  The legislature passed two bills that have a relatively minor impact on members and retirees. Below is a brief summary. You can also find more detailed information about these bills and other retirement-related bills in the 2019 Legislative Summary book at AzASRS.gov, on the Legislation page under the About Us tab.

Living with Diabetes

Diabetes is a disease where your body’s ability to produce or respond to the hormone insulin is impaired. Insulin is produced in the pancreas and regulates the amount of glucose in the blood allowing it to be turned into energy and used, or stored. This impairment results in abnormal metabolism of carbohydrates causing elevated glucose levels in the blood.

Living Healthier with Diet and Exercise

What does it mean to live healthier? Does it mean eating vegetables and wearing fitness clothes everywhere you go? Is it measured in how many ounces of water you drink in a day, or maybe it is how many minutes you spent on the treadmill? Do we get health points for avoiding fast food restaurants and doing yoga instead?

Be Prepared for an Emergency… even a minor one.

We spend much of our lives learning how to reduce the risk of many potential accidents which can cause injuries; the practice of being aware of one’s surroundings when crossing the street, for example, or teaching children to be cautious around a hot stove. We wear a seatbelt when riding in a vehicle, and we use protective gear when playing sports. But, emergencies and injuries will always happen to some degree. If we can’t entirely prevent an emergency, can we plan for one to potentially reduce the risk of a negative outcome?

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