{"id":18611,"date":"2023-07-17T17:12:41","date_gmt":"2023-07-18T00:12:41","guid":{"rendered":"https:\/\/in.nau.edu\/human-resources\/?page_id=18611"},"modified":"2025-12-23T20:29:01","modified_gmt":"2025-12-23T20:29:01","slug":"benefits-asrs","status":"publish","type":"page","link":"https:\/\/in.nau.edu\/human-resources\/benefits-asrs\/","title":{"rendered":"Benefits &#8211; ASRS"},"content":{"rendered":"<h1>Arizona State Retirement System<\/h1>\n<p>The Arizona State Retirement System (ASRS) is a defined benefit plan qualified under Internal Revenue Code 401(a) that provides a monthly benefit at normal or early retirement.<\/p>\n<hr role=\"separator\" class=\"hr--transparent hr--transparent-15px not-in-view\">\n<h2><strong>\u00a0<\/strong><strong>Contributions<\/strong><\/h2>\n<p>Both you and NAU contribute to ASRS. Contributions cover your pension benefit, long-term disability coverage and health care subsidy.<\/p>\n<ul>\n<li>For the 2025\/2026 fiscal year, your total contribution rate is 12.00%<\/li>\n<\/ul>\n<h2><strong>Vesting <\/strong><\/h2>\n<p>Vesting refers to the requirement of service before \u201cowning\u201d all funds in your account.<\/p>\n<ul>\n<li><strong>Your contributions <\/strong>are always 100% vested.<\/li>\n<li>Vesting of your<strong> NAU contributions<\/strong> is based on when you were hired:\n<ul>\n<li>If hired prior to 07\/01\/2011, you are partially vested after five years of service and fully vested after 10 years of service.<\/li>\n<li>If hired on or after, 07\/01\/2011, NAU&#8217;s contributions do not vest unless you separate due to involuntary reductions in force or position elimination.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>View ASRS\u2019s <a href=\"https:\/\/youtu.be\/VwSn3BI8Q3k\">What Does \u2018Vesting\u201d Mean<\/a> video.<\/p>\n<hr role=\"separator\" class=\"hr--transparent hr--transparent-15px not-in-view\">\n<h2><strong>Normal Retirement<\/strong><\/h2>\n<p>Normal retirement is the earliest you can retire with a full benefit from ASRS. Requirements for normal retirement are based on when you were hired: <div class='shortcode-column-container'><!-- shortcode-column -->\n<div class=\"shortcode-column shortcode-column--count-2\">\n     If you were <strong>hired<\/strong> <strong>prior to July 1, 2011<\/strong><\/p>\n<ul>\n<li>Age 65<\/li>\n<li>Age 62 and 10 years of service<\/li>\n<li>80 points (Age + Service)<\/li>\n<\/ul>\n\n<\/div>\n<!-- shortcode-column -->\n<div class=\"shortcode-column shortcode-column--count-2\">\n    \n<p>If you were <strong>hired on or after July 1, 2011<\/strong><\/p>\n<ul>\n<li>Age 65<\/li>\n<li>Age 62 and 10 years of service<\/li>\n<li>Age 60 and 25 years of service<\/li>\n<li>Age 55 and 30 years of service<\/li>\n<\/ul>\n\n<\/div>\n<\/div>\n<hr role=\"separator\" class=\"hr--transparent hr--transparent-15px not-in-view\">\n<h3><strong>Early retirement<\/strong><\/h3>\n<p>In some cases, you may retire as early as age 50 with 5 years of ASRS service and receive a reduced benefit.<\/p>\n<p>To learn more about ASRS visit the <a href=\"https:\/\/www.azasrs.gov\/content\/member-education\">Member Education<\/a> and <a href=\"https:\/\/www.azasrs.gov\/content\/member-videos\">Member Video<\/a> webpages.<\/p>\n<hr role=\"separator\" class=\"hr--transparent hr--transparent-15px not-in-view\">\n<h2><strong>Still have questions?? <\/strong><\/h2>\n<p>Contact the Benefits Team at nauhrbenefits@nau.edu or call (928) 523-2223.<\/p>\n<!-- shortcode-right-column -->\n<div class=\"shortcode-right-column\" >\n    <div class=\"shortcode-right-column__container\">\n<h3 style=\"text-align: center\"><div class=\"eplus-bg-color-row bg-color-nau-yellow\"><div class=\"eplus-bg-color-row-content\"><strong>Questions??<\/strong>\u00a0 <a href=\"https:\/\/in.nau.edu\/human-resources\/benefits-faqs-asrs\/\">Review FAQs<\/a><\/div><\/div><\/h3>\n<\/div>\n<\/div>\n\n<!-- shortcode-right-column -->\n<div class=\"shortcode-right-column\" >\n    <div class=\"shortcode-right-column__container\">\n<hr role=\"separator\" class=\"hr--transparent hr--transparent-15px not-in-view\">\n<!-- shortcode-block -->\n<div class=\"shortcode-block\">\n      <div class=\"block-header\">\n        <h3>Resources<\/h3>\n    <\/div>\n          <div class=\"block-body\">\n      <div><ul>\n<li><a href=\"https:\/\/in.nau.edu\/human-resources\/benefits-orientation-videos\/\">Orientation Videos<\/a><\/li>\n<li><a href=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2020\/04\/Accessible-Appendix-A-Benefit-Eligibility-by-Benefit-Plan-and-Employment-Category.pdf\">Eligibility Chart<\/a><\/li>\n<li><a href=\"https:\/\/in.nau.edu\/human-resources\/primary-retirement-plan-comparison\/\" target=\"_blank\" rel=\"noopener\">Primary Retirement Plan Comparison<\/a><\/li>\n<li><a href=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2019\/01\/AUS_ORP_ENG_Feb-2026_FINAL.pdf\">ORP Guide<\/a><\/li>\n<li><a href=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2023\/07\/ASRS-Enrollment-Guide-NAU.pdf\">ASRS Enrollment Guide<\/a><\/li>\n<li><a href=\"http:\/\/%5CnausharesHuman-ResourcesBenefitsBenefit-Plan-Document\" target=\"_blank\" rel=\"noopener noreferrer\">Plan Documents and Policies<\/a><\/li>\n<li><a href=\"https:\/\/in.nau.edu\/human-resources\/benefit-contact-information\/\">Vendor Contact Information<\/a><\/li>\n<\/ul><\/div>\n          <\/div>\n  <\/div>\n\n<\/div>\n<\/div>\n\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arizona State Retirement System The Arizona State Retirement System (ASRS) is a defined benefit plan qualified under Internal Revenue Code 401(a) that provides a monthly benefit at normal or early retirement. \u00a0Contributions Both you and NAU contribute to ASRS. Contributions cover your pension benefit, long-term disability coverage and health care subsidy. For the 2025\/2026 fiscal [&hellip;]<\/p>\n","protected":false},"author":619,"featured_media":16816,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"ring_central_script_selection":"","footnotes":""},"class_list":["post-18611","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/pages\/18611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/users\/619"}],"replies":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/comments?post=18611"}],"version-history":[{"count":0,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/pages\/18611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/media\/16816"}],"wp:attachment":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/media?parent=18611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}