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ASRS recognized for Financial Reporting and Plan Funding & Administration

The Arizona State Retirement System recently received the Certificate of Achievement for Excellence in Financial Reporting for its 2020 Comprehensive Annual Financial Report.

Presented by the Government Finance Officers Association of the United States and Canada (GFOA), it recognizes “achievement in the highest standards” for government accounting and financial reporting. It is the 32nd consecutive year the ASRS has received this prestigious recognition.

ASRS to Issue Permanent Benefit Increases to Qualified Retirees

The Arizona State Retirement System Board of Trustees announced Friday, November 12, 2021, that qualified retirees will receive a Permanent Benefit Increase (PBI) to their monthly annuities, beginning with their July 2022 benefits check.

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.

ASRS Selects New Chief Investment Officer, Michael C Viteri

The Arizona State Retirement System is pleased to announce Michael C. Viteri as our new Chief Investment Officer.

Mr. Viteri most recently served as Senior Investment Officer for the Oregon State Treasury, which manages investment portfolios for various Oregon state agencies with a combined market value of $124 billion, including the $89 billion Oregon Public Employees Retirement Fund.

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?"

New Information on ASRS supplemental savings plans

Supplemental savings plans offered through the Arizona State Retirement System (ASRS) can be a helpful way for employees to invest tax-deferred money today to bolster their retirement income down the road.

To enhance access to these plans, simplify administration, ensure continued professional oversight and low administrative and investment costs, the Arizona legislature passed and Governor Ducey signed into law Senate Bill 1348. This new law has two parts to it as follows:

How the ASRS Progressed in 2020

Photo of ASRS Director Paul Matson 2019

In this most challenging year, it is my sincere hope that this newsletter finds you and your family healthy and safe.

Healthy Mouth, Healthy You

Healthy Mouth, Healthy You: The Importance of Oral Health!

Our bodies are incredibly interconnected. Poor oral health can negatively impact overall health. And plenty of health conditions can hurt oral health. Improving either oral or overall health can have wideranging positive effects.

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.

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 postretirement benefit increases.

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