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Retirement Program

 

 

 

 

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MANDATORY RETIREMENT PLANS

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Faculty, Academic Professionals, Administrators and University Staff Category 02, 03 or 04

Optional Retirement Plan
ORP is a defined contribution plan qualified under Internal Revenue Code 401(a) that must be elected within 30 calendar days of eligibility.

Arizona State Retirement System Plan
ASRS
is a defined benefit plan qualified under Internal Revenue Code 401(a).

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Classified Staff and University Staff Category 01

Arizona State Retirement System Plan
ASRS
is a defined benefit plan qualified under Internal Revenue Code 401(a).

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Police Officers and Recruits

Public Safety Personnel Retirement System
PSPRS
is a governmental, defined benefit plan qualified under Internal Revenue Code 401(a).

VOLUNTARY RETIREMENT PLANS FOR ALL EMPLOYEES

Voluntary 403(b)
A qualified, tax-deferred savings plan with loan options to supplement your retirement.

457(b) Deferred Compensation Plan
A tax-qualified plan allowing you to defer taxes on a portion of your compensation while employed.

COMPARE THESE TWO PLANS

MORE INFORMATION

Job Category Definitions

IRS Contribution Limits
Maximum contributions mandated by Internal Revenue Code for all tax-qualified retirement plans. 

ORP Phased Retirement Program
The voluntary Phased Retirement Program allows vested participants, age 62 or older, to gradually transition into retirement, with the consent of their Deans or Vice Presidents.

Retiree Benefits

Retirement Enrollment

benefits guide | RETIREMENTBenefis Guide
RETIREMENT (.pdf)

Information about your mandatory and voluntary retirement plans.