davidc's blog

ASRS honored with Performance Excellence Awards

The Arizona State Retirement System recently received two awards from the Southwest Alliance for Excellence for two online projects designed to assist members. The Southwest Alliance for Excellence, formerly the Arizona Quality Alliance, recognizes organizations for excellence in quality, performance and outcomes through a program modeled after the Malcom Baldridge Award.

Web Maintenance scheduled for secured section of website

Please note that the secured section of the ASRS website will be down for maintenance beginning approximately 5 p.m. on Friday, Dec. 19. Members, retirees and employers will be able to access the main ASRS web pages, but the log-in function will be unavailable for use. The secure section is expected to be functional on Saturday, Dec. 20. We apologize for the inconvenience.

Information for same-sex married members

As of October 17, 2014, Arizona has legally recognized same sex marriage. As a result, the ASRS has updated its policies and procedures to reflect this change, with the same application of retirement policies and procedures for married individuals regardless of sex or gender. A marriage certificate is the required document for determining if a person is a “spouse.”

Contribution rates to decrease slightly July 1

Beginning July 1, the start of a new fiscal year, contribution rates for the ASRS Defined Benefit Plan paid by members and employers will decrease, albeit nominally.

ASRS Recognized for Financial Reporting for 25th Consecutive Year

For the 25th consecutive year, the Arizona State Retirement System has been awarded the Certificate of Achievement for Excellence in Financial Reporting for its Comprehensive Annual Financial Report.

Employers: Important Information on GASB 68

See the latest information on implementation of new GASB 68 reporting requirements. The ASRS has prepared an informational video: ASRS GASB 68 IMPLEMENTATION PRESENTATION (24 minutes) Additional information is on the GASB 68 webpage.

Notice to Members Regarding ASRS Service Purchase

Last month, the Arizona Court of Appeals issued a formal Opinion in the lawsuit Pendergast v. ASRS, a case that involves ASRS service purchase options.

Notice of Proposed Rulemaking - Spousal Consent

The Arizona Administrative Code rulemaking pertaining to spousal consent and ASRS benefits as prescribed in Arizona Revised Statutes §38-755, 38-760, 38-776 will have public oral comment on Tuesday, June 3, 2014 at 9 a.m. at the ASRS Phoenix office. See Rules page for additional information on this proposed rulemaking, including proposed text.

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