Home

nathanielb's blog

A Reminder about Retirement Season

This is the busiest time of year for members opting to retire, and we need your help in making sure your employees get pointed in the right direction when looking for answers. One-on-one appointments can get booked out weeks in advance this time of year, but luckily there are many other avenues in which your employees can find all the answers they need.

GASB 68 Is Available

The ASRS’ Schedules of Employer Allocations & Schedules of Pension Amounts by Employer as of and for the year ended June 30, 2017 are available online. The ASRS prepares these schedules, and engages our external audit firm to audit them, as a service to our participating employers. These schedules are applicable to employers with fiscals years ending between July 1, 2017 and June 30, 2018. 

Beware Of Phishing Scams!

Several employers have informed the ASRS over the years of receiving suspicious emails that appear to be from the ASRS.

Some of the mass emails have gone to employees, particularly teachers, and others to administrative staff. They often involve offers to review an individual’s retirement benefits, even going so far as to provide a calculation of ASRS benefits.

In-Progress Legislation and Rulemaking

Legislation*

Currently, the ASRS is pursuing three separate bills as follows:

HB2034:  This bill would allow the Governor the flexibility to designate any state agency as the State Social Security Administrator, which is charged with reviewing and maintaining § 218 agreements regarding Social Security withholding for all public employers in Arizona. 

New Online Functionality Coming Soon

The ASRS is working on new online functionality that will be released to employers and members in August 2018. 

A Reminder on Compensation Rulemaking

Throughout this quarter, the ASRS has been communicating with employers about Rules regarding eligible compensation for ASRS members.  As a reminder, the latest information on this topic was sent to all employers via email on March 2, 2018.

The ASRS is pursuing an emergency rulemaking to modify the recently adopted administrative rule on the definition of compensation.  The change will mean that the new definition will apply only to employees who became ASRS members on or after January 1, 2018.

ASRS Basics for Employers

The Employer Relations team offers an educational meeting, ASRS Basics for Employers. The Basics is a workshop geared toward ASRS employer human resources, payroll, benefits, and administration personnel. This workshop covers the basics of employer responsibilities regarding the ASRS, while providing context of why those responsibilities are important.  The topics covered include:

Health Insurance Supplements

Do you find the statutes regarding health insurance supplements confusing? Here is a summary of the benefits.

Reasons To Attend the Annual Employer Conference!

As an ASRS employer it is your responsibility to attend the annual ASRS Employer Conference as required by statute. The meetings are held in August and September of each year. Some of the topics covered at the conference include...

Ending Payroll Verification: Termination Date or Last Day?

You have an employee retiring, and it's tile to fill out the EPV form -- but what's the difference between Termination Date and Last Day of ASRS Membership? Read on to find out...

Pages

Subscribe to RSS - nathanielb's blog