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Latest ASRS Updates

  • March Board, Investment Committee meetings canceled

    March 24, 2017
    Please note that the Board of Trustee meeting and the Investment Committee meeting originally scheduled for March have been canceled. The next scheduled Board meeting will be Friday, April 28 at 8:30 a.m. in the Board Room of the ASRS building, 3300 N. Central Ave., Phoenix. The next Investment Committee will be Monday, April 24 at 2:30 p.m. in the 14th floor conference room at the ASRS building.


  • ASRS Legislative News

    March 7, 2017

    The 53rd Legislature – First Regular Session, opened on January 9, 2017. The Arizona State Retirement System has six bills that are before legislators. They all have relatively minor impact to members and retirees, mainly clarifying language in existing state statutes .

    You can follow these and other retirement-related bills throughout the legislative session on our ASRS Bill Tracker.



  • New fiscal year, new contribution rates

    February 2, 2017

    Contribution rates for members and employers have been set for next fiscal year, which begins July 1, 2017.

    The total contribution rate for the defined benefit plan, health insurance supplement and long term disability plan will be 11.50 percent for both employer and employee, up just slightly from the total rate of 11.48 percent for the current fiscal year, which ends June 30, 2017.

    The new rate will be in effect through June 30, 2018. See Contribution Rates for more information.



  • Contribution Rates to remain stable

    December 19, 2016

    After the close of each fiscal year, the ASRS conducts a valuation of the various benefit plans that it manages to ensure they are fiscally sound. From the valuations, contribution rates are set for the next fiscal year. Despite a relatively slow economy and lower investment performance, the contribution rates for the pension plan (which includes the health insurance premium benefit) will remain unchanged for the next fiscal year, which begins July 1, 2017.



  • Final Legislative Updates from the 52nd Legislature, Second Regular Session

    December 8, 2016

    The 52nd Legislature – Second Regular Session adjourned on May 7. The effective date for legislation signed into law is August 6, 2016, unless otherwise noted. The following bills related to the Arizona State Retirement System have been passed by the legislature and signed into law by the Governor.



  • New administrator selected to oversee ASRS LTD program

    August 25, 2016

    Broadspire Services Inc., a leading third-party administrator, will replace Sedgwick as administrtor of the ASRS Long Term Disability Program effective September 1.

    The change should have no major impact for the more than 4,000 members currently on the ASRS LTD plan. A letter from Broadspire is being mailed to all current members receiving Long Term Dsiability benefits.

    LTD members may contact Sedgwick with questions about their coverage through Aug. 31. All contact from Sept. 1 forward should be directed to Broadspire.



  • Notice Regarding ASRS-sponsored Meetings

    July 6, 2016

    The ASRS conducts educational meetings for its members which are facilitated by ASRS staff. Be advised that private companies and/or financial planners may also publicize their own meetings about retirement preparation, the ASRS and/or Social Security. The ASRS is NOT affiliated with any such meetings and is not responsible for these private solicitations. The ASRS does not make its members' personal information available to private organizations and we strongly caution all members and retirees against providing personal information to persons or organizations unknown to you.



  • ASRS Funding Policy available for review

    July 6, 2016

    An ASRS Funding Policy, a formal document outlining the strategies and goals for assuring the long-term sustainability of the ASRS plans, is now available for review under the ASRS Policies page on our website.

    The six-page document outlines the formal methodology for financing the pension, health insurance and long-term disability plan obligations. Each plan is sustainable with current assets, plus future contributions from employees and employers, plus investment earnings.



  • Office of the Auditor General report on ASRS available for review

    July 6, 2016

    The state Office of the Auditor General recently conducted a Performance Audit and Sunset Review of the Arizona State Retirement System (ASRS), a review that takes place every 10 years for state agencies. These audits are designed to determine whether an agency is achieving the objectives established by the Legislature and whether it is managing its resources in an effective, economical, and efficient manner. The report states although the ASRS plan is not fully funded, steps have been taken to improve its long-term sustainability.The report also noted that the ASRS serves an important function in Arizona. The full report, a summary report and the ASRS response are all available for public review on the Office of the Auditor General’s website – www.azauditor.gov



  • Karl Polen named Chief Investment Officer

    July 6, 2016

    Karl Polen, head of private markets in the ASRS Investment Division, has been appointed Chief Investment Officer of the ASRS by Director Paul Matson, effective March 1.

    Mr. Polen, who has been with the ASRS since September 2010, replaces Gary Dokes, who departed February 29 to accept a position as the first Chief Investment Officer for the Arizona Community Foundation, a state-wide charitable organization.



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