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One common budgeting oversight we see from members planning their retirement is comparing their estimated future pension amount against their current monthly bills to see if they can afford to retire. The oversight? Focusing on what their bills currently are, not what their bills will be. This is especially true when it comes to health insurance costs – and even more so if you won't be 65 and Medicare-eligible when you retire.

How familiar are you with your myASRS account? Your myASRS account is the fastest, easiest, most secure way to update your personal information, connect with ASRS staff with questions, plus a host of other functions specific to you and your account. Within your myASRS, you can:

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: 

If retirement is on the horizon, you may have questions about the process and how to start receiving your lifetime pension. To help answer those questions, the ASRS offers our educational webinar,  “Route 4: Next Exit Retirement.” This meeting is for members retiring within six months and is designed to help clarify your retirement choices. 

“Can I borrow against my ASRS account?” is a common question. Unfortunately, the answer is no. The ASRS does not permit for members to take a loan from their account.  This may not be the case for Defined Contribution plans, such as a 401(k) or 457(b), which typically allow account holders to borrow against the balances in some fashion. 

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.