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  • Asrs Domestic Relations Order - Arizona State Retirement System - Azasrs

Get Asrs Domestic Relations Order - Arizona State Retirement System - Azasrs

Name of Person Filing: Address: City State Zip: Phone Number(s): Representing: Self State Bar No. (if attorney): Petitioner Respondent Name of Court (e.g., Maricopa County Superior Court) Check one.

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Related content

A domestic relations order that divides the...
§38-773 relating to the Arizona State Retirement System hereafter referred to as the...
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Arizona University System Optional Retirement Plan
www.azasrs.gov ... Plan (ORP) or the Arizona State Retirement System (ASRS). ... Q. I am...
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Unlike many states' plans, Arizona's public workers don't have a vesting period — meaning they're eligible to gain the right to pension contributions from their employer upon enrolling in the system.

The total contribution rate of 12.17 percent will increase slightly, to 12.29% beginning July 1, 2023. Contribution rates are expected to move marginally over the coming fiscal years and are expected to peak in the next few years and begin gradually moving downward.

For starters, the ASRS is what's called a “Defined Benefit Plan.” In technical terms, it's a 401(a) plan that is governed by Arizona statute and IRS rules. A more simple explanation: it's a mandatory-participation retirement plan that provides ASRS retirees with benefit payments for the rest of their life.

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.

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.

When an employee has worked at least 20 hours per week for at least 20 weeks they are required to participate in primary retirement. For a new member of ASRS the retirement is effective the first day of the pay period following a 183-day waiting period.

Your ASRS retirement pension provides a lifetime guaranteed benefit based on your years of service and final salary. You have a contractual relationship with the ASRS, protected by the Arizona constitution. Your benefit does not “run out” and cannot be reduced.

ASRS retiree pensions are calculated based on years of service, the retiree's average monthly compensation, and a graded multiplier. For a more detailed look, visit Estimate Your Benefits.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232