Arizona Retirement Security Coalition

About The Arizona Retirement Security Coalition
About The Arizona State Retirement System
In 1912, Arizona's first year of statehood, the first teacher retired with an Arizona State teacher's pension. From 1912 until 1943, Arizona teachers were granted pensions by the State Legislature if they had at least 30 years of service in Arizona schools and were 65 years of age or older. All teachers' pensions were $50 per month; there were no member deposits or survivor benefits. In 1970, the Legislature agreed to enact the current Arizona State Retirement System Fixed Benefit Plan if 70 percent or more state employees and teachers voted to transfer to the new plan. More than 80 percent of eligible members voted for the new plan, which became effective July 1, 1971. Most political subdivisions subsequently voted to join. Today, the ASRS membership includes the State of Arizona, the three state universities, community college districts, school districts and charter schools, all 15 counties, most cities and towns, and various special districts.