Office of Human Resources - Benefits News
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3.3.09
ASRS and PSPRS Contribution Rate Changes for Next Fiscal Year
The Arizona State Retirement System (ASRS) has changed the contribution rates for Fiscal Year 2009-2010. ASU employees will see these changes reflected in their paychecks for the pay period ending 7.12.09, pay date 7.17.09.
NOTE: The Retirement Pension and Health Insurance Benefit contribution is a pre-tax payroll deduction; the Long-term Disability Income Plan is a post-tax payroll deduction.
MORE INFO
www.azasrs.gov
|
Fiscal Year 2008-09 |
Fiscal Year 2009-10 |
|||||
Retirement Pension & |
Long-term Disability |
TOTAL |
Retirement Pension & |
Long-term Disability |
TOTAL |
||
EMPLOYEE |
8.95% |
.50% |
9.45% |
9.0% |
.40% |
9.40% |
|
EMPLOYER |
8.95% |
.50% |
9.45% |
9.0% |
.40% |
9.40% |
|
The Public Safety Personnel Retirement System (PSPRS) has announced contribution rate changes for Fiscal Year 2009-2010.
There are no changes to the employee’s contribution rate, only to the employer’s. The retirement contribution is a pre-tax payroll deduction.
MORE INFO
www.psprs.com
Fiscal Year 2008-09 |
Fiscal Year 2009-10 |
|||
EMPLOYEE |
7.65% | Employee |
7.65% | |
EMPLOYER |
19.46% | Employer |
19.96% | |