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New Electronic ACH Functionality: Coming Soon!

One of our priorities at the Arizona State Retirement System is to utilize technology to create efficient, user-friendly products for our members and employer partners. For the last few months, our Application Development team has been designing a new employer function that will allow employers to submit Miscellaneous ACH payments electronically from within their employer secure account.

This new function will be released in early March, at which point employer secure account users with the appropriate account designation will notice a new "ACH Miscellaneous Payments" link on the left-hand navigational pane when they login. Upon launch, payments such as Employee Termination Pay, Service Purchase, Garnishments, Notice of Liability, and Health Insurance Premium Benefit Overpayments that employers previously sent via a paper check will now be payable via electronic payment.

Finish reading about coming ACH improvements >>

Resources For You & Your Retiring Employees

Retirement can be a daunting time for both employees and employers, but it doesn’t need to be! We have plenty of online resources and AzASRS.gov to answer questions for both you and your employees.

Resources for Retiring Employees

As your employees get closer to retirement, do they ask you for guidance about the ASRS? We have great news for you—help is available, and it’s at their fingertips: Retirement Central at AzASRS.gov! Just as it sounds, this page is a compilation of all the resources members can use at this stage of their working career, from the Retirement Readiness Quiz to information about annuity options, group meetings, and even how to go through the process of filing their online retirement application.

One commonly reported misperception from members is that they are required to call or visit the ASRS office to file a retirement application. But in fact, applying for retirement happens quickly and easily online through their secure myASRS account.

Being an ASRS employer partner does not mean you have to have all the answers about retirement. Take advantage of the ASRS website and its multitude of resources. It can help your employees – and as a member, even yourself – put all the pieces together for a successful transition into retirement.

What Retiring Employees Means for You as an Employer

How familiar are you with your responsibilities as an employer for retiring employees? We have plenty of reference materials available online for employers as well, including both the Employer Manual and the Basics for Employers materials. These materials help clarify retirement from an employer’s perspective, covering topics such as the difference between termination date, last day of ASRS membership, and retirement date.

More about what retiring employee means for you as an employer >>

New Members of Your Employer Support Team

The ASRS Employer Relations department recently has had two of our long tenured team members retire! While we wish them a long and happy retirement, this means that some new faces will be joining the team!

Since their retirement, the Employer Relations department has been looking for individuals to work closely with our employers. New team members with a wealth of ASRS experience have recently been promoted onto the Employer Relations Team to support you and a redistribution of assigned employers has occurred. An email will be sent to all Arizona State Retirement System employers identifying their assigned support contact.

As a reminder, the best tool to quickly receive ASRS employer support is through Secure Messages via your employer secure myASRS account!

A quarterly spotlight on helpful reference materials for ASRS Employers

The Employer Reference Materials Page at AzASRS.gov

Did you know there is a page on the ASRS website filled with resources to assist you in working with the ASRS? The page can be found in the employer section of the ASRS website and is loaded with informational guides, past Employer Update newsletters, and so much more!

Also located on the Reference Materials page? The Employer Manual! The Employer Manual is a one-stop guide with an overview of everything you need to know in working with the ASRS, while the individual guides provide further details in working with various online applications.

Stay tuned!

Upcoming issues of Employer Update will highlight all the resources on the Employer Reference Materials page, such as the Service Verification Applications Guide, the Alternate Contribution Reporting Guide, the Retiree Return to Work Smart Form, and much more. Chances are, if you have a question, you will find the answer on the Employer Reference Materials page. Check it out!

Basics Handbook for Employers

The ASRS Basics for Employers Handbook is an overview of employer responsibilities regarding the Arizona State Retirement System. This handbook is geared toward employer Human Resources, Payroll, Benefits, and Administration personnel and designed for staff who want an update on ASRS functions and employer responsibilities concerning ASRS processes.

Topics covered in the handbook include an overview of the ASRS, benefits of ASRS membership, membership eligibility, ASRS compensation, employer termination incentive programs, contribution reporting, service purchase, refunds, and return to work.

The handbook is available for your review on the Employer Reference Materials page, along with many other helpful employer guides.

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