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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.

The 53^rd 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.

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??

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.

If you're leaving the ASRS prior to retirement, you may be wondering if you should refund your account. You can, but you don't have to. You have options!

Think a 401(k) Might Be Better? Guess Again!

Every two weeks you see that 11.5% coming out of your paycheck, earmarked for a pension or long term disability that you don’t anticipate needing for a long time to come. Sometimes you may wonder if you would be better off with a different type of retirement plan, like a 401(k). Well, here are some facts that might make you feel better about your ASRS pension: