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  • Max Compensation Limits: FY 2025

    Internal Revenue Code (IRC) section 401(a)17 limits compensation beyond which no further retirement contributions may be deducted from an employee’s earnable salary for a given year. This limit applies to all ASRS members, but the maximum of the limit differs depending on the member’s enrollment date.

  • Transitioning From Paper Checks

    Are you still receiving paper checks from the ASRS for Health Insurance Premium Benefits or Excess Benefits Arrangements? Did you know you can receive payments five to ten days faster -- and more securely -- by taking advantage of direct deposit?

    Employers are strongly encouraged to begin this process now by completing the Employer/Vendor ACH Direct Deposit form, available in your Employer Secure Account on the Forms & Packets page. This process will allow you to receive the payment five to ten days faster each month.

  • The Miscellaneous ACH Payment Process

    ASRS employers have unique and statutory obligations to ensure employee participation, make required contributions, and process retiring employees. One of our priorities at the ASRS is to utilize technology to create efficient, user-friendly products to make meeting those obligations as easy as possible.

    To that end, employers can now submit ACH miscellaneous payments through their Employer Secure Account. We highly encourage employers to take advantage of the electronic deposit method as soon as possible.

  • ASRS Basics for Employers Returns in June

      • • Are you a new ASRS Employer Web User?
      • • Were you recently designated as an Ending Payroll Verification Specialist?
      • • Are you now responsible for maintaining the contribution summary report for your employer?
      • • Not sure what the difference is between a Long Term Disability (LTD) Associate and an LTD Signer?
      • • Do you need help completing your first Annual Employer-Provided Health Insurance Plans and Premiums Packet?

  • Submitting Your PPR: Your Annual Reminder!

    If you provide medical and/or dental insurance for your retirees or employees who are receiving Long Term Disability benefits, you must submit the Annual Employer Provided Health Insurance Plans and Premiums Packet (PPR) before your new plan year begins to continue receiving the correct premium benefit payment.

  • Employers: Live Chat With Us!

    If you have a quick question about a new employee’s eligibility, how to complete an Ending Payroll Verification (EPV) form, apply a credit, pay a late fee, or update an employer web user’s role, you now have a new way to contact the ASRS! When you log into your ASRS Employer Secure Account, you may have noticed a blue button in the upper right-hand corner of your home page that says “Live Chat.”

  • Fiscal Year 2024-25 Contribution Rates

    On July 1, the ASRS will begin a new fiscal year – FY 2024-25.

    Starting July 1, 2024, the new total contribution rate will be 12.27%, a slight decrease from fiscal year 2024 of 12.29%.

  • Ending Payroll Verification for Former Employees

    When an ASRS member applies for retirement or a refund of contributions, the ASRS may be required to request an Ending Payroll Verification Form (EPV) from our employer partners to where the member has made contributions. 

    For retiring members, the ASRS will generate an EPV request to all employer partners that remitted contributions within the last 36 months. For refunding members, the EPV is generated for all employer partners that remitted contributions within the last 6 months. 

  • The Term ‘Vesting’ with the ASRS

    In general, vesting refers to a member’s ability to refund all of their contributions paid into a retirement plan. In ASRS terms, our members are ‘vested’ with their first contribution towards their retirement. This allows our members to take retirement even if they only have one month of service credit with the ASRS and would be eligible for ASRS health insurance. 

    When an ASRS member terminates their employment, they would have the option to refund all of their contributions plus any applicable interest.

  • Retirement Resources for You and Your Employees

    For many employees, retirement can be overwhelming and exciting all at the same time! Employees and employers alike are curious about what is required during this process. The ASRS has the following essential information to assist along the way. 

    Resources for Retiring Employees

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