A lower contribution rate for members begins July 1, 2022
Next Member Contribution Rate Announced
By Dave Cannella, Public Affairs
The ASRS is pleased to announce lower contribution rates! Backed by strong investment returns this past fiscal year, contribution rates paid by active members and their employers will decrease by 0.24 percent starting July 1, 2022 – the beginning of the next fiscal year.
The total contribution rate for employees, which is also matched by employers, will be 12.17 percent, down from the current 12.41 percent.
Click the image above to view a PDF of our Popular Annual Financial Report
Our Popular Annual Financial Report
By Nathaniel Brengle, Communications
Have you ever found yourself wondering how the ASRS is doing financially? If you’d like to get a feel for how your contributions are being invested, how we’re doing now compared to recent years, and what the makeup of our membership looks like, you should check out our Popular Annual Financial Report (PAFR.)
The PAFR is a condensed financial report we publish towards the end of each calendar year, which provides the public an overview of the health and sustainability of the ASRS.
