ACD 607–03: Participation in a Retirement Plan
To specify participation in the Arizona State Retirement System or the Optional Retirement Plan
Arizona Revised Statutes §§ 38–781.01 to –.03; –.07 to –.10; –841 to –855; 15–1628
Arizona Board of Regents Policy Manual - 6–602
Faculty or academic professionals who:
Faculty members or academic professionals and the state will contribute equally to the retirement plan chosen. The contribution rate to the ASRS and the ORP are subject to change July 1 each year as approved by the legislature.
The faculty member or academic professional completes the appropriate retirement election form and the enrollment form for the plan selected at the time of employment processing and sends the original of both forms to Human Resources.