Latest ASRS Updates

  • Retiree 1099-R Timeline Information

    January 7, 2022

    Wondering when retirees will receive their 1099-R from the ASRS?

  • Rules & Legislation: What's the Difference?

    December 28, 2021

    The ASRS is guided by a set of official rules as well as state legislation. What’s the difference? Legislation is a law/statute created by the legislative branch of government, whereas a rule is a requirement imposed by an agency. State Statutes provide agencies the authority to create rules, which allow them to regulate or administer various government functions. Rules and legislation both carry the force of law. 

  • ASRS to Issue Permanent Benefit Increases to Qualified Retirees

    December 20, 2021
    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.

  • Next Member Contribution Rate Announced

    December 14, 2021
    The ASRS is pleased to announce lower contribution rates! Backed by strong investment returns this past fiscal year, contribution rates paid by active members and their employers will decrease by 0.24 percent starting July 1, 2022 – the beginning of the next fiscal year.

  • ASRS recognized for Financial Reporting and Plan Funding & Administration

    December 9, 2021

    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.

  • Retirees: Get Your 1099-R Digitally

    December 7, 2021

    Did you know you can log into your myASRS account and sign up to begin receiving your 1099-R electronically? This is the quickest way to receive your tax forms. If you elect this option, you will receive an email notification in January when your tax documents are available online.

  • Our Popular Annual Financial Report

    December 7, 2021
    Ever wonder how your retirement system is doing financially? We’d love to tell you! Whether it’s how your contributions are being invested, how we’re doing compared to past years, and what our membership looks like, check out the Popular Annual Financial Report (PAFR).

  • Who Gets Your Money?

    November 9, 2021

    Currently, the ASRS has over 620K members who are either receiving benefits as a retiree or have money on account as an active or inactive member. With that many members, there are a few situations we see all too often. One of those situations is being contacted by the family member of a deceased ASRS member trying to figure out how to manage the now-deceased member’s ASRS account. In the process of helping one recent such case, it was discovered that the deceased member had never registered their myASRS account and didn’t have any beneficiaries listed with the ASRS.

  • Social Security: More Than Just Retirement Benefits!

    November 9, 2021

    How much do you know about Social Security? Regardless of your age, it’s good to have a foundational knowledge of what it is and what it provides – including disability benefits, survivor benefits and, of course, retirement benefits. In fact, Social Security is a fundamental part of your retirement plan! The ASRS is meant to be only one part of your financial retirement picture, with Social Security and personal savings making up the rest.

  • The Retirement System Equation

    September 30, 2021

    A formula that is very important at the ASRS, but one that most of us would not learn about outside of retirement fund management: 

    C + I = B + E

    Contributions plus Income equals Benefits plus Expenses. This is the essence of how your retirement system is funded! A description of these four factors:

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