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Coconino County Retirement Systems
Arizona State Retirement System
The Arizona State Retirement System, created in 1953, is a state agency providing a guaranteed life-long pension benefit, a long-term disability income plan, retiree health insurance and survivor benefits to its members.
ASRS provides for a defined benefit pension plan, where the monthly retirement benefit is based on a formula including age, years of service and salary. Your pension is determined using this formula, rather than the amount of money in your account. Any County employee working 20 or more hours per week for 20 weeks or more during the year is required to make contributions to the ASRS defined benefit plan. To learn more visit the ASRS website.
Registration for ASRS takes place during New Employee Orientation, where new County Employees create an account with the system. Instructions on how to enroll in ASRS (PDF).
Registration for ASRS takes place during New Employee Orientation, where new County Employees create an account with the system. Instructions on how to enroll in ASRS (PDF).
Contribution Rate
There are two portions to the ASRS contribution rate - the Retirement Pension & Health Insurance Benefit, and the Long Term Disability Income Plan. The Pension Plan contribution is a pre-tax deduction, and the Long-Term Disability deduction is post-tax.Fiscal 2020-2021 (Effective July 1, 2020)
| Retirement Pension & Health Insurance Benefit |
Long Term Disability Income Plan |
TOTAL | |
|---|---|---|---|
| Employee | 12.04% | 0.18% | 12.22% |
| Employer | 12.04% | 0.18% | 12.22% |
Corrections Officer Retirement Plan
The Correctional Officers Retirement Plan is a special retirement plan created by the state legislature for certain full-time state and county detention officers. This is a defined benefit plan, which means your pension is determined by a formula, not by the amount of money in your account.Contribution Rate: Under the CORP, the employee contribution rate is fixed by statute at 8.41% of salary on a pre-tax basis for non-dispatchers and 7.96% for dispatchers.
Summary of Benefits
Forms to update your personal information
Public Safety Personnel Retirement System Public Safety Personnel Retirement System
The Public Safety Personnel Retirement System is a special retirement system created by the state legislature for certain full-time certified peace officers and full-time fire fighters in the state of Arizona. It is a "defined benefit plan", which means your pension is determined by a formula, not by the amount of money in your account.Contribution Rate: Under the PSPRS, the employee contribution rate is fixed by statute at 9.55% of salary on a pre-tax basis for fiscal year 2012-2013.
Summary of Benefits
Forms to update your personal information
Elected Officials Retirement Plan
The Elected Officials' Retirement Plan is a uniform statewide retirement system that provides retirement, disability and survivor benefits, post-retirement adjustments and health insurance subsidies for judges and state, county and local elected officials of participating governmental employer units.Contribution Rate: From July 1, 2012 through June 30, 2013, the employee contribution is set to 11.5% of compensation to the Plan on a pre-tax basis by payroll deduction.
Summary of Benefits
Forms to update your personal information