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Open Enrollment is Over:
What's Next?

For those who enrolled in ASRS insurance during our open enrollment period, the video below provides answers to some of the most frequently asked questions you may have about your insurance.

Receiving Your 1099-R

Tax statements, including 1099-Rs, will be mailed to retirees no later than January 31, 2023, unless you've signed up to receive your 1099-R digitally. For digital 1099-R recipients, you will receive an email notification before January 31 that your 1099-R is available within your myASRS account.

If you haven't already, you can now log into your myASRS account and sign up to begin receiving your 1099-R electronically. This is the quickest way to receive your tax forms.

PLEASE NOTE: If you would like to keep receiving your 1099-R in the mail, no action is needed. Signing up to receive your 1099-R digitally is completely optional. Changes must be made by December 31, 2022, to receive your 2022 1099-R tax statement electronically, so login now!

To receive your 1099-R digitally:

1. Log into your secure myASRS account

2. On the left-hand navigation panel, click “1099-R Statements"

3. Click “I want to receive my 1099-R electronically"

4. Consent to the change by clicking “I consent."

5. From the left-hand navigation panel, select Home Page to return to the Home page or Logout to close out your session.

For help understanding your 1099 statement, watch this helpful video:

2023 Benefit Payment Processing Information

Due to the New Year’s holiday being on a Sunday, your January monthly benefit payment will likely be available in your account on Tuesday, January 3. Payments are dated January 1, but banks will be closed on Monday in observance of New Year’s Day. Due to tax year implications, January payments cannot be deposited any earlier than January 1.

The rest of the payment processing dates for 2023 have been posted on our website. For full details, visit our Benefits Payment page.

Additionally, don't forget that new federal tax rates will go into effect Febuary 1st, 2023, which may affect the net amount of your benefit payment.

Updates to 2023 Federal and State Tax Forms

Please be aware that the IRS has updated their W-4P Federal Tax Withholdings form for the tax year 2023, which determines the amount of federal taxes withheld from annuity benefit payments. Your previous elections on file have been converted to the new form in accordance with IRS guidelines. To view or update your current elections on file with the ASRS, please sign in to your secure myASRS account. You may access the new federal tax form now via IRS.gov.

Arizona is also updating its A-4P state tax form for 2023, changing the available withholding percentages. Unlike the Federal form updates, no changes will be made to your current state tax elections on file with the ASRS unless you decide to actively submit changes to us. Otherwise, your previously elected withholdings will continue for 2023. To access the new Arizona state tax form, you can visit the Arizona Department of Revenue at azdor.gov. Please note: No revised Arizona tax forms will be processed before January 17th, while we update our system.

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