As you contribute to your ASRS retirement account, you may find yourself wondering, “When can I Retire?” There are actually a number of different combinations of criteria that can be used to determine when you’re eligible for “normal” ASRS retirement. Due to changes in law over time, a primary factor is your ASRS membership date.

Members who began contributing to the ASRS prior to June 30, 2011

If you began contributing before June 30, 2011, you are able to utilize the 80 points system.

Even though you’re already a member and have a myASRS account, if you’ve recently changed ASRS employers, it’s important to go through the online enrollment process again with your new employer’s enrollment code.

Enrollment Code

If you are having issues accessing your account, your first step is to click the “Having Trouble Logging In” link located on the myASRS secure account login page. From there, you will go through the process of resetting your password.

To update your password successfully:

Keeping your information secure and out of the reach of cybercriminals has never been more important. Phishing attacks – a type of fraud meant to trick you into providing sensitive information – can happen through emails, text messages, or even phone calls. Typically, attackers disguise themselves as a trusted source in an attempt to steal confidential information.

One of the many questions we receive at the ASRS is: “How does my account balance determine my monthly benefit?”

The short answer is that your ASRS account balance is not related to the amount of your future monthly retirement benefit. Your ASRS retirement benefit is calculated using your years of service and your average monthly salary, with a “graded multiplier” added that increases with your years of service. (You can read a more in-depth explanation of that formula here.)

While member contributions go a long way to funding all the benefits the ASRS provides, none of what we provide to members would be possible without contributions from our employer partners: ASRS employers contribute the same percentage as ASRS members for each member they employ!

Contributions from both you and your employer are then pooled together, invested, grown, and used to fund benefits such as a lifetime pension when you retire, Long Term Disability, and more.