Annual Comprehensive Financial Reports
Pursuant to § 38-714, the Arizona State Retirement System produces an annual report of its operations. The Annual Comprehensive Financial Report meets this requirement and has also regularly received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association.
Current Annual Report:
72nd Annual Comprehensive Financial Report (FY 2025)
Historical Annual reports:
71st Annual Comprehensive Financial Report (FY 2024)
70th Annual Comprehensive Financial Report (FY 2023)
69th Annual Comprehensive Financial Report (FY 2022)
68th Annual Comprehensive Financial Report (FY 2021)
67th Comprehensive Annual Financial Report (FY 2020)
66th Comprehensive Annual Financial Report (FY 2019)
65th Comprehensive Annual Financial Report (FY 2018)
64th Comprehensive Annual Financial Report (FY 2017)
63rd Comprehensive Annual Financial Report (FY 2016)
62nd Comprehensive Annual Financial Report (FY 2015)
61st Comprehensive Annual Financial Report (FY 2014)
60th Comprehensive Annual Financial Report (FY 2013)
59th Comprehensive Annual Financial Report (FY 2012)
58th Comprehensive Annual Financial Report (FY 2011)
57th Comprehensive Annual Financial Report (FY 2010)
Please contact the ASRS for earlier editions.
Popular Annual Financial Report
The Popular Annual Financial Report (PAFR) is a reader-friendly summary of the full Comprehensive Annual Financial Report. The PAFR is not intended to supplement the full ACFR; rather it is a concise summary of the financial health, investment performance and key accomplishments of the ASRS.
The PAFR has regularly received the Award for Outstanding Achievement in Popular Annual Financial Reporting from the Government Finance Officers Association.
Current PAFR:
Popular Annual Financial Report (FY 2025)
Please contact the ASRS for earlier editions.
Actuarial Valuations
Each fiscal year, the Arizona State Retirement System has an actuarial valuation performed on its Defined Benefit, Long Term Disability and Defined Contribution System plans.
These reports are conducted by an independent audit firm presented to the ASRS Board of Trustees. Valuations reveal funding levels, determine required contribution rates and provide additional information on the position of the various plans.
Actuarial Valuation of the Defined Benefit Plan, June 30, 2025
Actuarial Valuation of the Long Term Disability Plan, June 30, 2025
Actuarial Valuation of the Defined Contribution Plan (System), June 30, 2025
Audit of 2023 Actuarial Valuations
GASB Information
Pension reporting changes developed by the Governmental Accounting Standards Board (GASB) impact the Arizona State Retirement System and its participating employers.
Each fiscal year, the Arizona State Retirement System compiles a GASB 68 & 75 Report to assist employers in preparing their annual reports. The GASB 68 & 75 Schedule of Employer Allocations reflects the EMPLOYER portion of retirement contributions, including employer ACR retirement contributions. Below is the latest report.
Current GASB Report:
2025 GASB 68 & 75 OPEB Reports (as of June 30, 2025)
Historical GASB Reports:
2023 GASB 68 & 75 OPEB Reports (as of June 30, 2024)
2022 GASB 68 & 75 OPEB Reports (as of June 30, 2023)
2021 GASB 68 & 75 OPEB Reports (as of June 30, 2022)
2021 GASB 68 & 75 OPEB Reports (as of June 30, 2021)
2020 GASB 68 & 75 OPEB Reports (as of June 30, 2020)
2019 GASB 68 & 75 OPEB Reports (as of June 30, 2019)
2018 GASB 68 & 75 OPEB Reports (as of June 30, 2018)
2017 GASB 68 Report (as of June 30, 2017)
2016 GASB 68 Report (as of June 30, 2016)
To learn more about GASB as it relates to the ASRS and our employers, see GASB Information.
