About us
Expand all
- A pre-tax and after-tax way to invest for retirement. Withdrawals are taxed as ordinary income
- The opportunity to create an individualized portfolio of investment options from a broad spectrum of asset classes
- A home for rollovers, allowing you to consolidate and manage your retirement and savings plan assets through one low-cost Plan. Assets rolled over from a qualified plan or individual retirement account may be subject to a 10% penalty tax if withdrawn prior to age 59½
- Access to Nationwide® Plan Service Representatives up to and throughout retirement
To be eligible to participate in the ASRS 401(a) Supplemental Retirement Savings Plan, you must:
- Meet the 20/20 criteria (work a minimum of 20 hours a week for 20 or more weeks in a fiscal year) established by the State, and
- Be at least 40 years of age if participating in a qualified plan administered by the Arizona State Retirement System, or upon age 30 if participating in a qualified plan administered by the Public Safety Personnel Retirement System (PSPRS). When you are hired or reach your eligibility age, you have a two-year window within which to make a contribution election. Although contributions are voluntary, once you make your election, it cannot be changed or stopped throughout the duration of your career with the State
- You may make a one-time, irrevocable election to contribute a percentage of your pay from 1–25%, or an escalating percentage based upon your years of service, to the Plan, up to the maximum annual limit allowed under the Internal Revenue Code
- These are pre-tax contributions but since they are voluntary, they are not FICA-exempt
- Distributions made prior to 59½ may be subject to a 10% tax penalty. All taxable distributions at any age are subject to ordinary income tax, and surrender charges may apply
ASRS Supplemental Savings Plan Committee | Email address | |
---|---|---|
Ms. Lupita Breland, Chair | ASRS Investment Operations Manager | LupitaB@azasrs.gov |
Mr. Paul Matson | ASRS Executive Director | PaulM@azasrs.gov |
Mr. Jeremiah Scott | ASRS Chief Operations Officer | JeremiahD@azasrs.gov |
Mr. Michael Viteri | ASRS Chief Investment Officer | MichaelV@asasrs.gov |
Ms. Erica Syring | ASRS Chief Financial Officer | EricaS@azasrs.gov |
Ms. Katie Daigneault | ASRS Chief Strategy Officer | KathrynD@asrsrs.gov |
Ms. Jessica Thomas | ASRS Legislative Affairs Liaison | JessicaT@azasrs.gov |
Mr. Nate Brengle | ASRS Communications Manager | NathenialB@azasrs.gov |
Ms. Athena Elliston | ASRS Budget & Procurement Manager | AthenaE@azasrs.gov |