Deferred compensation can help you secure your financial future. Grab a cup of coffee or a bite to eat and join us for one of these informative webinars during the month of May to learn more about this important State benefit.
Click on each link to learn more and to register:
What kind of lifestyle do you want to enjoy?
Women face unique challenges as they prepare financially for retirement. Women may spend less time in the workforce, accumulate less in lifetime savings, live longer and invest more conservatively than men.
Please join us for this webinar presented by the Nationwide Retirement Institute
Wednesday, May 5th, 11:30 am- 12:30 pm
For more information and to register please click here.
Wednesday, April 28, 2021
11AM to Noon
Deferred compensation can help you secure your financial future. Grab a cup of coffee, a bite to eat and join us for this informative webinar to learn more about this important State benefit.
Come see why the deferred compensation plan may be right for you. Click here for more information and to register.
Enroll in your employer’s 457(b) deferred compensation plan and get personalized guidance from knowledgeable Retirement Specialists for every stage of planning for retirement.
Wednesday, April 14, 2021
11AM to Noon
Click here for more information and to register.
Good news, State of Arizona employees!
This year all Arizona State Personnel System agencies will begin adopting a new, improved performance management system called AZPerforms! This system will replace the Managing for Accountability and Performance (MAP) appraisal system that has been in place since 2013.
AZPerforms! offers many benefits for employees and managers alike. These include:
The statewide one-on-one coaching methodology that management uses to encourage and support employee development and continuous improvement is embedded in the AZPerforms! platform - another huge plus for employee career advancement.
Agencies will decide the timing of transitioning the new appraisal platform within the next 12-18 months and you can expect additional information from your HR teams, including training and instructions for completing the new, simplified appraisal forms.
Weekly appointments are available for COVID-19 saliva-based testing. The test is easy, painless and fast, and you will receive results in about 24 to 48 hours. Testing is available Tuesday through Thursday at the ADOA Capitol Mall site in Phoenix.
Find more information here.
As of July 1, 2021, the total contribution rate of the ASRS Retirement Pension & Health Insurance Benefit for both the employer and the employee has increased slightly from 12.04% to12.22% for fiscal year 2022. Likewise, the Long Term Disability Income Plan has increased very slightly from .18% to .19% for both the employer and the employee for fiscal year 2022. This brings the combined total contribution rates to 12.41% for fiscal year 2022.
Contribution rates are actuarially determined and adjusted annually to ensure the plan remains fiscally sound and able to meet current and future obligations. For more information, please read the full article in this ASRS publication, or visit ASRS's website.
Earlier this year, the Federal government passed the Families First Coronavirus Response Act (FFCRA), which is in effect through December 31, 2020. This law provides two types of paid leave for COVID-19 reasons: Emergency Paid Sick Leave (EPSL) and Expanded Family Medical Leave (EFML).
With the end of the FFCRA on December 31, 2020, employees currently on EPSL or EFML will need to convert to another form of leave, since these leaves are no longer legally authorized or available. Employees who need leave for reasons related to COVID-19 on or after January 1, 2021 should work with their supervisors and Human Resources regarding which type of leave is appropriate for their situations.
