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Arizona State Retirement System (ASRS)

Key features of the ASRS defined benefit plan:

Benefit to be received is clearly defined.
Investments of contributions are directed by the plan administrator, not the participant.
Benefit is based on a formula: credited years of service, times multiplier factor, times average monthly salary. The multiplier increases with years of credited service after 20 credited service years.
Benefit is not based upon actual contributions to plan, since benefit is not based on accumulated value of account.
Contribution rate is determined by actuarial projections, and may fluctuate from year to year.
A matching contribution is made by The University of Arizona.
Plan allows service purchase for previous qualified employment service time.

Helpful ASRS Resources

ASRS Home Page
Member Handbook
ASRS Fact Sheets
Contribution Rates
Service Purchase & Payroll Deduction Agreements
Leaving Employment Prior to Retirement
Forfeiture Form Application
Getting Ready to Retire Brochure
Retirement Form Application
Return to Work
Retirement Planning
ASRS Contribution Rates for Fiscal Years 2005/2006 and 2006/2007

ENROLLMENT INFORMATION

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For HR Professionals \| Whom to Call for What \| Privacy Statement © 2005, Arizona Board of Regents \| Contact the Human Resources Department University of Arizona \| University Services Building, 888 N. Euclid Avenue, Room 114, Tucson, AZ 85721-0158 520.621.3662 (phone) \| 520.621.9098 (fax) \| Page last updated April 16, 2007 .

© 2005, Arizona Board of Regents
University of Arizona | University Services Building, 888 N. Euclid Avenue, Room 114, Tucson, AZ 85721-0158
520.621.3662 (phone) | 520.621.9098 (fax) | Page last updated June 12, 2007