The ASRS Contribution Rate
If you are hired to work more than 20 hours per week, you’re automatically eligible!
If you meet eligibility, you will contribute to the ASRS beginning your first day of employment. If you are hired to work less than 20 hours per week, you will not contribute to ASRS. However, if you work 20 weeks at 20 hours or more in a fiscal year (July 1 through June 30), you will meet eligibility through the 20/20 Rule. In this case, HR will notify you that you have met eligibility and contributions will start.
There are two portions that make up the ASRS contribution rate – the Retirement Pension & Health Insurance Benefit and the Long-Term Disability Income contribution rate:
Retirement Pension &
Health Insurance Benefit