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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.

Working After Retirement

Retirement doesn’t always mean not working. And returning to work doesn’t necessarily mean you have to pause receiving your pension – you just need to be aware of the rules regarding your ASRS pension benefit and returning to work.

Getting the Most From Your MyASRS Secure Account

Your secure myASRS account is an important tool both before and after retirement. After you retire, it’s important to stay active in your account; here is a brief overview of all the capabilities you have within your myASRS account as a retiree.

The Pension Benefit Formula

Have you ever wondered how we calculate pension benefits? There is sometimes the mistaken belief that it may have something to do with your account balance, when in fact it's all about salary and how many years you work.

Director Matson featured in Canadian investment magazine

ASRS Executive Director Paul Matson was recently featured in Benefits Canada, a leading multi-media platform covering the pensions, benefits and investment industry in Canada.

Paul, a native of Canada, held various investment positions in Canada prior to joining the ASRS in 1995.

See: Canada’s lasting influence on Arizona’s public sector pension investor

Educational Webinars

Join one of our live, online retirement webinars to help get some answers. In our "Road To Retirement" educational series, “Route 3” and “Route 4” focus on those nearing retirement.

Route 3 is designed for those within 3 years of retiring. It helps you learn about your pension benefit, annuity options, and helps answer the question, "Can I afford to retire?"

Will my Pension Ever Increase?

One of the most common questions we receive from retirees relates to increases in their pension. Many retirees are surprised to learn that the ASRS was not designed to provide yearly post-retirement benefit increases.

Managing on Behalf of our Members

Photo of ASRS Director Paul Matson 2019

C + I = B + E

In the formula above, the letters refer to Contributions, Income, Benefits and Expenses – and this is the essence of how your retirement system is funded! A description of these four factors follows.

Employee Vacancies to Fill?

Are you an employer who has vacancies to fill?

While the answer could be to hire retired ASRS members, do not forget that an Alternate Contribution Rate (ACR) is required should you choose to do so.

All ASRS employers are required to pay an ACR for all retired ASRS members who return to work in any capacity, are not actively contributing, and in any position that is similar in duties and responsibilities to that of a position ordinarily filled by an employee.

My Parent Has an ASRS Account and Needs Help. Now What?

This can be a complex question. If someone you care for – a parent, grandparent, spouse, etc. – has an account with the ASRS, but needs assistance accessing or managing that account, there are avenues you can take to help. 

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