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ASRS is Upgrading Its Payment Process Beginning January 2019

These 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.

ASRS to Modify Payments Process in 2019

The Arizona State Retirement System is modifying its payment process beginning January 2019. These modifications are expected to save approximately $1 million per year, further increase our security, and allow the ASRS more flexibility in payment processing.

As a result of the changes, your ASRS deposit will appear with the description “AZ St Retirement”, and will now be processed through Bank of America.

ASRS Member Advisors: A Look Behind the Scenes

When you need some help, information, or guidance, you may find yourself contacting our Member Advisory Center for assistance.  This includes calling us for help, sending a secure message from your myASRS secure account or making an in-person appointment for more complex issues.

When to Talk to Your HR Before Contacting the ASRS

If 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?

Health Insurance Costs and Retirement

There 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.

Legislative Updates

The 53rd Legislature—Second Regular Session adjourned sine die at 12:26 a.m. on May 4, 2018.  The Legislature passed two bills that have a relatively minor impact on members and retirees.  Below is a brief summary.  You can also find more detailed information about these bills and other retirement-related on the ASRS Bill tracker.

Now What? A little bit of direction for those dealing with the passing of a loved one.

Dealing with grief when a loved one dies is hard enough, but often you find yourself in a situation where you have to deal with financial and investment matters as well. The uncertainty about what to do next can be overwhelming. The following suggestions may help guide you through the process.

Yes, You Can Take It With You!

Did you know that your retirement pension is totally portable? The Arizona State Retirement System (ASRS) has over 700 employers representing all levels of education, counties and State service. 

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