Latest ASRS Updates

  • Understanding Your Future Benefit

    March 22, 2023

    While the ASRS offers a variety of benefits for members, our primary focus is providing members with a retirement benefit. There are a few different ways you can choose to receive that benefit once you've hit retirement eligibility - those choices are called your retirement annuity options. While it can seem overwhelming at first glance, our options fall into three distinct categories, each helping to accomplish different retirement goals. To help narrow down your choices, just ask yourself which of these three phrases best fits what you would like to accomplish in retirement:

  • ASRS Statement on Silicon Valley Bank/Signature Bank Issues

    March 16, 2023

    The Arizona State Retirement System is providing the following information with regard to the receivership of Silicon Valley Bank and Signature Bank as they relate to the ASRS investment portfolio.

    The ASRS had relatively small index-like investments in shares of SVB Financial Group (the parent company of Silicon Valley Bank) and Signature Bank.

  • Take Your Pension With You!

    March 12, 2023

    Did you know that your retirement pension is totally portable? The Arizona State Retirement System (ASRS) has over 700 employers representing all levels of education, counties and State service. 

  • Retiring Within 6 Months?

    February 15, 2023

    If retirement is on the horizon, you may have questions about the process and how to start receiving your lifetime pension. To help answer those questions, the ASRS offers our educational webinar,  “Route 4: Next Exit Retirement.” This meeting is for members retiring within six months and is designed to help clarify your retirement choices. 

  • Can I Borrow Against My Pension?

    February 15, 2023

    “Can I borrow against my ASRS account?” is a common question. Unfortunately, the answer is no. This isn't an ASRS-decided rule, it's actually because of IRS regulations. The ASRS is classified as a "401(a) defined benefit plan," which does not allow for loans against the fund’s balance. It's a different type of retirement plan than, say, a 401(k) - what most think of when they think of retirement savings. Defined Contribution plans, such as a 401(k) or 457(b), typically allow account holders to borrow against the balances in some fashion. 

  • Long Term Disability: An Overview

    January 12, 2023
    Did you know that as a contributing member of the ASRS, you have access to long term disability (LTD) should you ever need it? Read through this quick overview to get an idea of what it is, what it provides, and when it might be available to you.

  • FY 23-24 Contribution Rate Announced

    December 12, 2022

    The contribution rate for the next fiscal year – which starts July 1, 2023 – has officially been announced. This rate will be effective from July 1, 2023, until June 30, 2024. The new contribution rate was presented to the Board Of Trustees in the November 18 board meeting, along with information regarding the accompanying actuarial study.

  • Resolved: Secure Site Error Message

    December 12, 2022

    It came to our attention that, due to a technical issue, some members received an error message when submitting documents in their secure myASRS accounts for a short time between 11/18 - 11/20. Please know this issue has been resolved. For anyone who experienced issues, we encourage you to log into your account and resubmit your documents.

    For retirees enrolling in health insurance, our Open Enrollment Period remains open, with the last day being Wednesday, November 30, 2022.

    We apologize for any inconvenience.

  • Awards for Financial Reporting, Funding and Administration

    October 20, 2022

    ASRS recognized for Financial Reporting and Plan Funding & Administration

    The Arizona State Retirement System recently received the Certificate of Achievement for Excellence in Financial Reporting for its 2022 Annual Comprehensive Financial Report.

  • Retiring Before 65?

    October 14, 2022

    If you’re early in your career, you may think “retiree health insurance” isn’t a topic you should be terribly concerned about at the moment, but you might be surprised! If you plan on retiring before 65, when most are eligible for Medicare, then health insurance costs could be something you want to start thinking about now. 

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