Retirement

What does retirement look like for you? Whatever your goal, the best way to ensure a secure retirement is to start saving as early as possible. This plan is through the Arizona State Retirement System.

Arizona State Retirement System 

A Cost Sharing Model

The Arizona State Retirement System (ASRS) is a state agency providing a life-long pension benefit, a long-term disability income plan, retiree health insurance and survivor benefits to its members. Your ASRS pension is built through a “Cost Sharing” model. Both you and MIHS contribute equally towards your retirement. The amount of your pension will be based on a formula that factors in your years of service and salary at the time of retirement.

The ASRS Contribution Rate

If you are hired to work more than 20 hours per week, you’re automatically eligible!

If you meet eligibility, you will contribute to the ASRS beginning your first day of employment. If you are hired to work less than 20 hours per week, you will not contribute to ASRS. However, if you work 20 weeks at 20 hours or more in a fiscal year (July 1 through June 30), you will meet eligibility through the 20/20 Rule. In this case, HR will notify you that you have met eligibility and contributions will start.

There are two portions that make up the ASRS contribution rate – the Retirement Pension & Health Insurance Benefit and the Long-Term Disability Income contribution rate:

Retirement Pension &
Health Insurance Benefit

11.94%

Long-Term Disability
Income Plan

0.17%

Total ASRS
Contribution

12.11%

Set Up Your ASRS Online Enrollment Today!

Use Code 0UU00031 For MIHS Access

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Start Your Enrollment At: www.azasrs.gov
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Select My ASRS Login
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Select First Time Registering
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Complete The Required Fields

Questions?

Call Member Services 602-240-2000 Or Visit The ASRS Website www.azasrs.gov