Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Arizona State Retirement System history
Arizona State Retirement System company history timeline
Today, as in 1953, the ASRS remains committed providing Arizona’s educators and employees of state and municipal governments with a secure retirement income stream for their lifetime.
1955 – Active teachers join the Arizona State Retirement System
The first public pension in Arizona, however, was issued in 1912, the year Arizona entered statehood. It was granted to a teacher, in the amount of $50 a month ($600 a year). In 1955, the teacher’s pension plan and the ASRS merged, creating a statewide retirement system.
In 1970, the Legislature agreed to enact the current Arizona State Retirement System Fixed Benefit Plan if 70 percent or more of state employees and teachers voted to transfer to the new plan.
1971 – The current ASRS Defined Benefit Plan is created, with members having the option to switch to it.
1989 – The ASRS establishes a health insurance plan for retirees.
1995 – The ASRS establishes a Long Term Disability Income Plan for all members, with a separate fund and contribution rate.
Published in the April 2018 digital newsletter "Expanding Your Financial Horizons"
Rate how well Arizona State Retirement System lives up to its initial vision.
Arizona State Retirement System jobs
Do you work at Arizona State Retirement System?
Does Arizona State Retirement System communicate its history to new hires?
Arizona State Retirement System competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Employees Retirement System Of Texas | - | $275.5M | 350 | - |
| OPERS | 1935 | $150.0M | 499 | - |
| Virginia Retirement System | 1942 | $21.0M | 310 | - |
| City of Sidney, Ohio | 1820 | $1.9M | 125 | 1 |
| County Bancorp | 1994 | - | 170 | 4 |
| City of Hermantown | - | $710,000 | 9 | - |
| Bank Of Charlotte County | 1912 | $7.5M | 30 | - |
| Lapeer County Bank & Trust Co. | 1902 | $8.5M | 121 | - |
| CrestSavings | 1919 | $18.8M | 42 | - |
| Bank of Clarke County | 1881 | $32.0M | 129 | 11 |
Arizona State Retirement System history FAQs
Zippia gives an in-depth look into the details of Arizona State Retirement System, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Arizona State Retirement System. The employee data is based on information from people who have self-reported their past or current employments at Arizona State Retirement System. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Arizona State Retirement System. The data presented on this page does not represent the view of Arizona State Retirement System and its employees or that of Zippia.
Arizona State Retirement System may also be known as or be related to Arizona State Retirement System.