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Keeping your information secure and out of the reach of cybercriminals has never been more important. Phishing attacks – a type of fraud meant to trick you into providing sensitive information – can happen through emails, text messages, or even phone calls. Typically, attackers disguise themselves as a trusted source in an attempt to steal confidential information.

One of the many questions we receive at the ASRS is: “How does my account balance determine my monthly benefit?”

The short answer is that your ASRS account balance is not related to the amount of your future monthly retirement benefit. Your ASRS retirement benefit is calculated using your years of service and your average monthly salary, with a “graded multiplier” added that increases with your years of service. (You can read a more in-depth explanation of that formula here.)

Contribution rates have been set for fiscal year 2024-25 – which begins on July 1, 2024. The total contribution rate for FY 2024-25 will be 12.27%, a slight decrease from the current rate of 12.29%, which continues through June 30, 2024. 

The decrease is due primarily to strong returns on the fiscal year-end June 30, 2023 total fund of 8.2%. 

When planning to retire with the ASRS, you may begin thinking about how early you can begin receiving your benefit. First, it’s important to understand how the ASRS defines “normal” and “early” retirement, and how the criteria for each may change depending upon when you started making contributions to the ASRS.

If you are nearing retirement, have you thought about continuing to work after you retire? If the answer is yes, there are several key factors to consider if you plan to return to work, primarily whether you will work directly with an ASRS employer and our 20/20 Membership Criteria. 

Working after retiring from the ASRS allows our members to receive their monthly pension while also receiving a paycheck from their new employer. Please also note that you cannot actively contribute to the ASRS and receive your ASRS pension.

It came to our attention that, due to a technical issue, some members received an error message when submitting documents in their secure myASRS accounts for a short time between 11/18 - 11/20. Please know this issue has been resolved. For anyone who experienced issues, we encourage you to log into your account and resubmit your documents.

For retirees enrolling in health insurance, our Open Enrollment Period remains open, with the last day being Wednesday, November 30, 2022.

We apologize for any inconvenience.

We have revamped our New and Prospective Members page! Located in the Members tab, we designed this page to help introduce you to who we are, guide you through the myASRS account registration process, learn more about your member benefits, understand ASRS contributions, and get answers to commonly asked questions. On the New and Prospective Members page, you'll learn about a few primary benefits available to all ASRS members.