As a reminder, the new federal tax tables and 2019 retiree insurance premiums will be applied to pension checks in February and may affect your net benefit payments.
Latest ASRS Updates
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Retiree Tax Reminders
February 7, 2019
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What Happens if You’re Unable to Work Due to an Illness or Injury?
February 6, 2019If you’re actively contributing to the ASRS, you may not realize your membership includes Long Term Disability (LTD). It’s often overlooked by most active members, since less than 2% of them ever need it. As a result, there are also misconceptions about how the program works.
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Does All My Pay Count Towards My Pension?
February 5, 2019Most of us don’t even think about the contributions that come out of our paycheck that go towards building a guaranteed lifetime pension from the ASRS. When we do, it’s usually not until we’re getting very close to that long sought-after retirement date.
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Need-to-Know Information If You're Retiring This Summer
February 5, 2019While the ASRS has a diverse group of members, a very large number of those members are school teachers or faculty. That means, among other things, a large number of people retiring at the same time each year; around May and June. We casually refer to it as Retirement Season here within ASRS offices. With approximately 200K-plus active ASRS members, that can mean a fair number of people wanting to retire at roughly the same time. So, what’s the best way to prepare yourself?
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My Parent Has an ASRS Account and Needs Help. Now What?
February 5, 2019This can be a complex question. If someone you care for – a parent, grandparent, spouse, etc. – has an account with the ASRS, but needs assistance accessing or managing that account, there are avenues you can take to help.
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ASRS is Upgrading Its Payment Process Beginning January 2019
December 28, 2018These modifications are expected to further increase our security and allow the ASRS more flexibility in payment processing while saving approximately $1 million per year, which will remain in the ASRS Trust Fund for future pensions.
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Health Insurance Costs and Retirement
December 6, 2018There can be a lot of costs to budget for when thinking about retirement, but have you ever looked into what your health insurance costs could be? If not, you’re not alone! Many people mistakenly think health insurance costs won’t change much when they retire, but that’s rarely the case. In fact, health insurance costs may impact when you’re able to retire or if you need to work after retirement.
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Retiree 1099s: Time to Update Your Address
November 6, 2018
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When to Talk to Your HR Before Contacting the ASRS
October 30, 2018If you have questions about your pension, do you know who to reach out to for answers? What about if you’ve moved and need to update your information? Or if you have questions about Long Term Disability? Do you go to your employer’s HR? Or directly to the ASRS?
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Can I Borrow Against My Pension?
October 30, 2018It happens to many of us. You have a big expense coming up – perhaps a home purchase, wedding, or sending a child off to college – and while considering your financial options you wonder, “Can I borrow against my ASRS account?”
Newsletters
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