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Contribution Rates to remain stable

After the close of each fiscal year, the ASRS conducts a valuation of the various benefit plans that it manages to ensure they are fiscally sound. From the valuations, contribution rates are set for the next fiscal year. Despite a relatively slow economy and lower investment performance, the contribution rates for the pension plan (which includes the health insurance premium benefit) will remain unchanged for the next fiscal year, which begins July 1, 2017.

New administrator selected to oversee ASRS LTD program

Broadspire Services Inc., a leading third-party administrator, will replace Sedgwick as administrtor of the ASRS Long Term Disability Program effective September 1.

The change should have no major impact for the more than 4,000 members currently on the ASRS LTD plan. A letter from Broadspire is being mailed to all current members receiving Long Term Dsiability benefits.

LTD members may contact Sedgwick with questions about their coverage through Aug. 31. All contact from Sept. 1 forward should be directed to Broadspire.

Message from Director Paul Matson Re: COVID-19 Service Levels

Photo of ASRS Director Paul Matson 2019 To our members, employers & constituents:

In this time of uncertainty, I wanted to take a moment to let you know that in spite of the current COVID-19 pandemic, the resulting economic and capital market situation, and the recent Executive Orders from Governor Ducey to ensure your safety, the Arizona State Retirement System (ASRS) is still fully operational in all core services, including making all pension, disability, and health insurance payments. Benefit payments are not impacted, and retirees can expect their monthly benefits to continue to be paid on time every month.

The ASRS continues to process all retirement applications, forfeitures, and similar service requests, as well as collecting contributions, and we expect to continue doing so throughout this uniquely stressful period. The only services we are not providing at this time are in-person individual and group meetings. Rather than risk your health, that of our community and employees, we have migrated all meetings to telephonic or web-based platforms. As such, please use our website to find answers to most of your questions, log into your myASRS account to send us a Secure Message, or call to speak with a Benefits Advisor from our Member Advisory Center.

ASRS Phone Scam Warning

It's been brought to our attention that imposters are impersonating the ASRS, calling our members and requesting information from them. Learn how to recognize a phone scam & how to report it: 

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.

A Checklist for Settling Affairs

A checklist of documents you may need to settle a loved one's affairs:

Power disruption affected some services Monday

An interruption in electrical power Monday afternoon to the ASRS building at 3300 N. Central Ave. in Phoenix caused disruptions in some services, including the ASRS Call Center and access to the secure member website The disruption began around 3 p.m. Monday and most all systems were restored by 1 a.m. The ASRS apologizes for any inconvenience to those who may have tried to call Monday afternoon or access certain applications on the secure website.

ASRS Retiree Open Enrollment for 2018 Plan Year

Open Enrollment for ASRS retiree group health insurance start Wed, Nov 1st and runs through Thur, Nov 30th, with plan benefits beginning on Jan 1, 2018. This year will be a PASSIVE enrollment, meaning if you are happy with your current plans and coverages, NO ACTION IS REQUIRED. Your current selections will roll over into the 2018 benefit year.

Why Do I Need Savings If I Have a Pension?

ASRS retirees are fortunate to have both a pension and social security benefits... do we really need a savings account as well? Read on for what experts say about the role of personal savings in your financial future.

March Board, Investment Committee meetings canceled

Please note that the Board of Trustee meeting and the Investment Committee meeting originally scheduled for March have been canceled. The next scheduled Board meeting will be Friday, April 28 at 8:30 a.m. in the Board Room of the ASRS building, 3300 N. Central Ave., Phoenix. The next Investment Committee will be Monday, April 24 at 2:30 p.m. in the 14th floor conference room at the ASRS building.

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