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The CARES Act and Your ASRS Account

Due to the current COVID-19 pandemic, the Arizona State Retirement System (ASRS) has seen a slight increase in members asking, “Can I refund or get a loan from my account?” 

Contribution Rates for FY 2020-21

ASRS members and employers will see a slight increase in contribution rates at the start of the new fiscal year, July 1.

Your Future Pension is Safe

A message from Paul Matson, ASRS Director.

Why Your Pension Benefit Doesn't Depend on Your Account Balance

As a member of the Arizona State Retirement System, you make contributions with each of your paychecks. Both you and your employer contribute equal amounts, which are invested to generate revenue and build the ASRS trust fund, which in turn pays your guaranteed lifetime pension benefit upon retirement. These contributions, plus interest, combine to form your account balance.

Top Questions Answers: A New Video Series!

Friendly ASRS staff in our call center field member questions every day of operation. After a while, we noticed that we get some of the same questions again and again. To save you time and a phone call, we have started a new video series that answers your most commonly asked questions in a short, clear, and concise manner.

A Message from ASRS Director Paul Matson

Photo of ASRS Director Paul Matson 2019To our Members:

As the ASRS moves into its annual “retirement season” I wanted to take a moment to reassure our members that while our staff continues to be predominantly working remotely for everyone’s safety, our commitment to providing you the highest levels of service has not waned. I am proud to report that during this time of transition, the ASRS continues to meet our monitored and measured high standards for processing pension, health insurance, disability and forfeiture payments and applications, as well as responding to various member inquiries.

Continue reading the Director's Message

New Dental Providers for 2021 Retiree Group Insurance

The Arizona State Retirement System has selected two new dental insurance providers for the Retiree Group Dental Services program, beginning January 1, 2021. Delta Dental of Arizona and Cigna Health were selected after a solicitation for bids (Request for Proposals) was held. The contracts were approved on April 20.

Member Education & Appointments Temporarily Remote Only

During this time of enhanced health and safety concern, ASRS member education meetings are currently being offered online only. Similarly, member appointments are currently being offered by phone or online. Read on for more details:

ASRS Member Education is temporarily online only   ASRS Member Appointments are temporarily remote only

Market Impacts on ASRS

With recent significant losses to financial markets attributed largely to uncertainty over the spread of the coronavirus, ASRS members may be concerned about the impact to the ASRS benefit plan.

The ASRS manages a diversified investment portfolio which is comprised of equities, real estate, credit, and bonds. Unlike personal retirement accounts, such as a 401(k), ASRS retirement benefits are set by a formula and not by the ups and downs in the investment market.

Here’s a summary of market impacts to ASRS members:

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