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2015-2016

ARIZONA STATE RETIREMENT All eligible employees must participate in the Arizona State Retirement System. Eligible employees are those who work for one or more participating employers for a total of 20 or more hours per week for 20 or more weeks in a fiscal year. Participation is mandated by state law and is in addition to participation in the federal Social Security system. Contribution rates are actuarially determined and are adjusted annually to ensure the plan remains fiscally sound and able to meet current and future obligations. There are two portions to the ASRS contribution rate, the Retirement Pension & Health Insurance Benefit, and the Long Term Disability Income Plan. The district will match this total contribution rate by 50%. Employees may change the beneficiary of their ASRS account at any time by contacting Arizona State Retirement System. For members who retired, then returned to work for an ASRS employer while keeping their monthly pension, an Alternate Contribution Rate (ACR) is required. Refer to ASRS website at www.azasrs.gov

HELPFUL INFORMATION Please visit the Arizona State Retirement System (ASRS) website at www.azasrs.gov for information listed below and more: • Creating your personal online account • Register for a Know your Benefits Webinar • Check your Retirement Online Estimator • Visit the Interactive Center • Check the Fact Sheets • Attend a scheduled Getting Ready for Retirement Meeting • Check the latest News and Events Calendar

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MUSD Employee Benefit Guide 2015  

MUSD Employee Benefit Guide 2015  

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