How long do you have to work for the state of Arizona to get a pension?
The member must submit an application for retirement as with any retirement situation. Normal retirement is defined as either (1) reaching age 65, (2) reaching age 62 along with at least 10 years of ASRS service credit, or (3) earning at least 80 points.
How do I contact Arizona state retirement?
To reach the ASRS during available business hours, call:
- 602-240-2000 from within metropolitan Phoenix.
- 520-239-3100 from within metropolitan Tucson.
- 800-621-3778 from outside the Tucson and Phoenix areas.
Can you take a loan from ASRS?
One of most frequently asked questions received by the Member Advisory Center is “Can I take a loan out of my retirement?” The answer, in a word, is “no”. The ASRS retirement plan is classified as a 401(a) defined benefit plan by the Internal Revenue Service (IRS).
Is Arizona state retirement a pension?
The Arizona State Retirement System administers pension and other benefits for most state employees, public and charter school teachers, and employees of other political subdivisions that have elected to participate.
At what age can you retire in Arizona?
65 years old
When can I retire? Any member can retire at 65 years old, but you can retire with a reduced benefit as early as 50 years old as long as you have 5 years of service credits.
Can I cash out my Arizona State retirement?
Retire from ASRS if you are eligible. Or, you can: Take a refund of your account, with applicable interest. You may withdraw your funds in cash and pay all taxes and penalties, or you may rollover your funds to another qualified retirement program.
What is the female State Pension age?
Women’s State Pension age It changed to 65 for women between 2010 and 2018. It is now increasing in stages, alongside men, until it has reached 68. It’s important to check when you are due to reach your State Pension age as this might change in the future. A State Pension forecast will also tell you this.
Does AZ tax Social Security?
Friendly. Your state tax bill in Arizona will depend greatly on the sources of your retirement income. Arizona, rated by Kiplinger as one of the nation’s most tax-friendly states, does not tax your Social Security benefits (unlike these states that do).
Can I cash out my Arizona state retirement?
What’s new at ASRS Tucson?
A new location for the ASRS Tucson office opened on Tuesday, February 16th. It features the same great services for our southern Arizona members including on-site benefit advisors and space for group meetings. The Pacific Premier Bank Building, home to the new office, is just four miles west of our previous Tucson office.
What are the hours of the ASRS office in Arizona?
The ASRS has offices in Phoenix and Tucson. Business hours at both locations are Monday through Friday from 8 AM to 5 PM, excluding holidays. Take the Light Rail to the ASRS Phoenix office!
What is the Arizona State Retirement System (ASRS)?
For more than 50 years, the Arizona State Retirement System has provided retirement security to Arizona’s public servants, including teachers, municipal workers and other government employees. The ASRS proudly serves more than a half-million members, including more than 100,000 retired members.
Why did the ASRS move to the Pacific Premier building?
The Pacific Premier Bank Building, home to the new office, is just four miles west of our previous Tucson office. The ASRS moved its Tucson location for the following reasons: Better geographic location and amenities for our members, including an on-site cafe.