New Fiscal Year & Contribution Rates
A closer look at what makes up your total contribution rate, and how it's determined.
by Nathaniel Brengle, Strategic Communications
On July 1, the ASRS will begin a new fiscal year – FY 2021-22. For members, this is always when your new contribution rates will go into effect. For the fiscal year starting July 1, the new total (which includes pension benefits, health insurance benefits, and long term disability benefits) contribution rate will be 12.41%, adjusted slightly from the current rate of 12.22%.