|Note:||At the request of the provost, a vice provost, or a vice president, this policy has been posted in the interim between scheduled posting dates by University Policy Manuals Group because it has significant and urgent importance for the university community. This policy will be included in the publication process by the next feasible posting for online policies and procedures.|
SPP 501–01: Mandatory Retirement Plans
To define participation in and explain the types of retirement plans and benefits provided for eligible employees
29 United States Code § 621, Age Discrimination in Employment Act (1986) and amendments
Arizona Revised Statutes §§ 38–781.01 to .03, .07 to .10; –841 to –855; 15–1628
Arizona Board of Regents Policy Manual - 6–601; –604; –605
Exceptions may include:
All non-faculty administrators and university staff, categories 02, 03, and 04, are required to participate in the ASRS or the Optional Retirement Plan (ORP), except as noted below. The plan choice is an irrevocable decision by the employee for the duration of continuous employment in the Arizona University System (Arizona Board of Regents, Arizona State University, Northern Arizona University and The University of Arizona), as long as the employee remains in an ORP-eligible position.
Failure to elect and enroll in a mandatory retirement plan within 30 days of eligibility will result in:
Eligible certified university police officers and recruits who are employed full-time and who are regularly assigned hazardous duty are required to participate in the Public Safety Personnel Retirement System (PSPRS).
|Exception:||Those who are not eligible for PSPRS shall select retirement based on job classification as described above.|
Both the employee and the university contribute to the plan as prescribed by law.
All non-faculty administrators and university staff, categories 02, 03, and 04, must indicate their plan choice (ASRS or ORP) in writing within 30 calendar days from the day the employee becomes eligible to participate in a mandatory retirement plan. In addition, the employee must complete the online enrollment process with the chosen investment provider.
Hiring managers and departments are responsible for notifying newly eligible employees of their benefits and retirement election rights and enrolling them in New Employee Orientation before the end of the 30-day enrollment period. Employees can complete the retirement enrollment process prior to attending New Employee Orientation. See the Benefits Enrollment dashboard for a listing of employees who are eligible but who have and have not completed the retirement enrollment process.
An eligible employee will begin to contribute to a retirement plan as stated below:
Arizona State Retirement System (ASRS):
An employee originally hired for a period that did not meet the 20-hour and 20-week criteria, but whose employment is extended, must begin to participate in ASRS beginning the 20th week in which the employee works at least 20 hours, or the first day of the pay period following 182 days of eligible employment, depending on the employee’s hire date and ASRS membership status.
Optional Retirement Plan (ORP): on the first day of the pay period following completion of enrollment.
Public Safety Personnel Retirement System (PSPRS): on the hire or eligibility date.
For further information about mandatory retirement plans, refer to the Office of Human Resources, Benefits/Retirement Web page.
To access forms related to retirement, refer to the Office of Human Resources forms Web page.
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