Benefits guide — Retirement

The university has a comprehensive retirement program to assist faculty and staff in accumulating wealth and ensuring financial security at the end of their careers. The program offers multiple retirement plans and free financial education on campus and retiree benefits when retiring from ASU.

Employees who work more than 20 hours per week for at least 20 weeks in a fiscal year must participate in a retirement program, as outlined in Title 38 of the Arizona Revised Statutes regarding social security and retirement. 

Each retirement plan — mandatory 401(a) plans, the 403(b) and the 457(b) plan — has a different IRS tax code. Employees can contribute up to the IRS maximum for each plan and your contributions to one plan will not affect your contributions to another. 

Exceptions may apply. Learn about specific exceptions on the eligibility and enrollment webpage. 

Preparing for retirement 

Retirees spend, on average, 85% of their final after-tax earnings annually in retirement. Financial experts encourage you to have a primary retirement plan, social security and another retirement savings vehicle to ensure your retirement readiness. 

Ask yourself: Am I saving enough for retirement? 

Review the resources in this guide for information about your retirement options.

Financial education resources

Employees can schedule a personal one-on-one consultation anytime.

Arizona State Retirement System
401(a) plan
602-240-2000 or 800-621-3778 
Member education 

Fidelity Investment
ORP and 403(b) plans
800-642-7131
Tools and resources | Webcasts

Nationwide Retirement Solutions
457(b) plan
800-796-9753
Learning Center

TIAA
ORP and 403(b) plans
866-548-3705
Education and resources