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What Happens if You’re Unable to Work Due to an Illness or Injury?

If you’re actively contributing to the ASRS, you may not realize your membership includes Long Term Disability (LTD).  It’s often overlooked by most active members, since less than 2% of them ever need it.  As a result, there are also misconceptions about how the program works.

Retiree Tax Reminders

As a reminder, the new federal tax tables and 2019 retiree insurance premiums will be applied to pension checks in February and may affect your net benefit payments.

Need-to-Know Information If You're Retiring This Summer

While the ASRS has a diverse group of members, a very large number of those members are school teachers or faculty. That means, among other things, a large number of people retiring at the same time each year; around May and June. We casually refer to it as Retirement Season here within ASRS offices. With approximately 200K-plus active ASRS members, that can mean a fair number of people wanting to retire at roughly the same time. So, what’s the best way to prepare yourself?

Does All My Pay Count Towards My Pension?

Most of us don’t even think about the contributions that come out of our paycheck that go towards building a guaranteed lifetime pension from the ASRS. When we do, it’s usually not until we’re getting very close to that long sought-after retirement date.

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.

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.

Is Your Email Address Current? Who's Your Beneficiary?

It’s easy to overlook- You set up your secure ASRS account when you first become a member, you enter all your contact information, and then it’s all on autopilot until you retire, right??

Is Personal Savings part of your Retirement Strategy? (Hint: it should be!)

One of the most comforting features of an ASRS pension is knowing it’s a life-long benefit. Having a steady income stream, regardless of the current (or future) economic climate or ups and downs of the markets can provide peace-of-mind for retirees.

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