A formula that is very important at the ASRS, but one that most of us would not learn about outside of retirement fund management:
Contributions plus Income equals Benefits plus Expenses. This is the essence of how your retirement system is funded! A description of these four factors:
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 past legislative session. This new law has two parts to it as follows:
Even if you've been a contributing member for years, it's good to check just in case.
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.
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.
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.
Check out all the ASRS newsletters - mailed and emailed - here.
