Employer News

460 Report: What is it & How to Use It.

For employer-users with the “HI Premium Benefit Specialist” role, the reconciliation report (also known as HI460, or the 460 Report) is available from the Reports page of the secure myASRS employer portal on a monthly basis. The reports for the most recent three months are available for download. This report lists all retired and LTD members who have elected retired or COBRA coverage through their employer, as well as the Health Insurance Premium Benefit (HIPB) dollar amount to be applied towards each member’s monthly premiums.
Health Insurance Premium Benefit: How is it Applied?

As part of our members’ benefits, the ASRS provides a health insurance premium benefit (HIPB) to help with the cost of retiree health insurance. To be eligible for the HIPB, a retiree or Long Term Disability (LTD) recipient, must have at least five years of service and be enrolled in an ASRS health insurance plan, or a non-subsidized health insurance plan offered by an ASRS employer.
No Appointment Necessary

There is a common misconception that an appointment with an ASRS Retirement Specialist is required for employees ready to retire. While we’re happy to help guide members through the retirement process, an appointment with the ASRS is not a prerequisite for retiring. To start the retirement process, an employee just needs to submit an ASRS retirement application. Our online retirement application can be found within the myASRS portal and submitted online at any time.
Who Can I Talk To?

If you need assistance locating resources to guide you through any ASRS procedures, or additional help understanding a response you have received through the Employer Secure Messaging System, or any of the statutes and rules that govern all things ASRS, the Employer Relations team is here to help. Our Employer Quality Analysts and Senior Retirement Specialists have extensive experience in resolving even the most complex issues for our members and employers.
An Important Admin Responsibility

Occasionally we get a call or a secure message from an employer stating that they cannot access the Employer myASRS Portal. Sometimes it's because the person listed as the Employer Administrator has left and a new administrator was not assigned prior to their departure, or the new acting administrator is using the old administrator’s login.
Don't Skip the 'Employers' Tab!

We understand the convenience of having the Secure Employer Login page bookmarked and jumping straight to the secure side of our website, but if that's your typical process for interacting with AzASRS.gov, you're missing a vast amount of ASRS resources for employers!
High-Earning Employees & the ASRS: 415 Limits and Excess Benefits

Did you know there are contribution and pension benefit limits for employees making over a certain amount? Referred to as “415 Limits” based on the Internal Revenue Code (IRC) Section 415, this can be a set of not-well-known, not-often-used rules for employers and their high-earning employees. But for those they apply to, 415 limits have a big impact. Below is an explanation of what 415 limits are, how the excess benefit is administered.
When Are You 'Vested' in the ASRS?

Vesting is a term used often when discussing a retirement account. However, the ASRS benefit programs do not have a “vesting” schedule. Members must meet certain requirements before being eligible to receive retirement benefits, health insurance, premium benefit subsidy, long-term disability, or participate in the ASRS service purchase program.
Refund/Forfeiture
When one of your employees asks about “vesting” with the ASRS, often these members may be referring to the percentage of employer funds they might receive if they decide to refund their account.
Employee Vacancies to Fill?

Are you an employer who has vacancies to fill?
While the answer could be to hire retired ASRS members, do not forget that an Alternate Contribution Rate (ACR) is required should you choose to do so.
All ASRS employers are required to pay an ACR for all retired ASRS members who return to work in any capacity, are not actively contributing, and in any position that is similar in duties and responsibilities to that of a position ordinarily filled by an employee.
'Return to Work' Employees and the Alternate Contribution Rate

When an ASRS retiree returns to work for an ASRS employer and meets active membership criteria, then active contributions must begin and the member’s pension is suspended. The member will not receive a pension benefit until they either terminate employment or reduce their hours and re-retires. However, there is an exception to this rule. Under very specific conditions, an ASRS retiree can qualify to remain retired while working for an ASRS employer. It is the responsibility of both the retiree and employer to ensure compliance.

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