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Working After Retirement

Retirement doesn’t always mean not working. And returning to work doesn’t necessarily mean you have to pause receiving your pension – you just need to be aware of the rules regarding your ASRS pension benefit and returning to work.

Getting the Most From Your MyASRS Secure Account

Your secure myASRS account is an important tool both before and after retirement. After you retire, it’s important to stay active in your account; here is a brief overview of all the capabilities you have within your myASRS account as a retiree.

The Retirement System Equation

A formula that is very important at the ASRS, but one that most of us would not learn about outside of retirement fund management: 

C + I = B + E

Contributions plus Income equals Benefits plus Expenses. This is the essence of how your retirement system is funded! A description of these four factors:

A Service Purchase Overview: Types & Price

The ASRS Service Purchase Program is a benefit that allows active members with previous qualifying service to purchase past service time. There are 5 types of qualifying service, with the most common being the purchase of Forfeited Service or the purchase of Other Public Service. While it can be costly, it can also be beneficial - potentially increasing your lifetime benefit and/or allowing you to retire earlier than planned.

New Fiscal Year and Contribution Rates

On July 1, the ASRS will begin a new fiscal year – FY 2023-24. For members, this is always when new contribution rates go into effect. Starting July 1, 2023, the new total contribution rate will be 12.29%, an increase of slightly more than a tenth of a percent from the FY 2022-23 rate of 12.17%.

Understanding Your Contribution Rate

Leaving The ASRS and Cash Refunds: An Example

In this infographic, we look at an example of an ASRS member with an estimated refund of $10,000 to see how taxes apply, what penalties may be assessed, and what the estimated remaining cash amount could be. (Along with options available to avoid those penalties and taxes.)

Nearing the Retirement Finish Line?

A look at "Route 4: Next Exit Retirement" - the final session of our four-part educational series, geared towards members thinking of retiring within 6 months. 

ASRS Selects New Chief Investment Officer, Michael C Viteri

The Arizona State Retirement System is pleased to announce Michael C. Viteri as our new Chief Investment Officer.

Mr. Viteri most recently served as Senior Investment Officer for the Oregon State Treasury, which manages investment portfolios for various Oregon state agencies with a combined market value of $124 billion, including the $89 billion Oregon Public Employees Retirement Fund.

Education Spotlight: Route 3

It’s never too early to begin planning for your retirement, and our Route 1 and 2 are eLearnings available anytime on our website. Route 3: Destination in Sight marks the first educational opportunity offered as a live-streaming, interactive webinar led by ASRS Retirement Specialists, where you can ask questions and get real-time answers. Route 3 is designed for members within three years of retirement. 

Here's an overview of the information covered in Route 3: 

What Happens to Your Account if You Pass Away?

A look at Survivor Benefits: What they are, how they function, and how you can prepare should the unfortunate happen. 

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