ASRS administers pension and other benefits for most state employees, public and charter school teachers, and employees of other political subdivisions that have elected to participate. The state maintains separate plans for public safety personnel, correctional officers, and elected officials; and the cities of Phoenix and Tucson maintain their own plans.
Arizona State Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Arizona SRS |
53,359.5 |
661,228 |
| Other Plans |
0 |
0 |
| Total |
53,359.5 |
661,228 |
Source: Public Plans Database (as of 2024)
Note: Arizona State Retirement System has 0 other plans.
Assets
Assets at Year-End
Arizona State Retirement System
2001-2024
| Fiscal Year |
Net Assets (billions) |
| 2001 |
20.8 |
| 2002 |
18.3 |
| 2003 |
17.9 |
| 2004 |
20.5 |
| 2005 |
21.6 |
| 2006 |
23.2 |
| 2007 |
27.1 |
| 2008 |
24.7 |
| 2009 |
19.9 |
| 2010 |
22.1 |
| 2011 |
26.8 |
| 2012 |
26.4 |
| 2013 |
29.0 |
| 2014 |
33.7 |
| 2015 |
33.6 |
| 2016 |
32.9 |
| 2017 |
36.2 |
| 2018 |
38.5 |
| 2019 |
39.8 |
| 2020 |
39.2 |
| 2021 |
48.2 |
| 2022 |
47.1 |
| 2023 |
49.8 |
| 2024 |
53.4 |
Membership
Ratio of Actives to Beneficiaries, 2001-2024
| Fiscal Year |
Arizona State Retirement System |
US State and Local Pensions |
| 2001 |
3.0 |
2.4 |
| 2002 |
3.1 |
2.3 |
| 2003 |
2.9 |
2.2 |
| 2004 |
2.8 |
2.1 |
| 2005 |
2.7 |
2.1 |
| 2006 |
2.6 |
2.0 |
| 2007 |
2.5 |
2.0 |
| 2008 |
2.4 |
1.9 |
| 2009 |
2.2 |
1.9 |
| 2010 |
2.0 |
1.8 |
| 2011 |
1.9 |
1.7 |
| 2012 |
1.7 |
1.6 |
| 2013 |
1.6 |
1.5 |
| 2014 |
1.6 |
1.5 |
| 2015 |
1.5 |
1.5 |
| 2016 |
1.5 |
1.4 |
| 2017 |
1.4 |
1.4 |
| 2018 |
1.4 |
1.4 |
| 2019 |
1.3 |
1.3 |
| 2020 |
1.3 |
1.3 |
| 2021 |
1.3 |
1.2 |
| 2022 |
1.2 |
1.2 |
| 2023 |
1.3 |
1.2 |
| 2024 |
1.3 |
1.2 |
2024 Membership for Arizona State Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 220,738 |
174,929 |
265,561 |
661,228 |
585 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Arizona State Retirement System
2001-2024
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-694.1 |
20,798.3 |
| 2002 |
-689.0 |
18,347.0 |
| 2003 |
-780.1 |
17,921.6 |
| 2004 |
-533.2 |
20,485.2 |
| 2005 |
-635.3 |
21,570.9 |
| 2006 |
-477.5 |
23,219.6 |
| 2007 |
-255.7 |
27,069.6 |
| 2008 |
-389.1 |
24,717.2 |
| 2009 |
-403.3 |
19,880.5 |
| 2010 |
-605.8 |
22,147.0 |
| 2011 |
-714.5 |
26,839.2 |
| 2012 |
-760.0 |
26,402.1 |
| 2013 |
-770.3 |
29,025.4 |
| 2014 |
-846.0 |
33,693.7 |
| 2015 |
-897.2 |
33,645.6 |
| 2016 |
-1,008.8 |
32,859.8 |
| 2017 |
-1,064.0 |
36,202.8 |
| 2018 |
-1,125.4 |
38,491.9 |
| 2019 |
-1,066.1 |
39,825.1 |
| 2020 |
-1,011.8 |
39,167.6 |
| 2021 |
-1,026.9 |
48,202.2 |
| 2022 |
-1,000.8 |
47,089.2 |
| 2023 |
-918.7 |
49,779.2 |
| 2024 |
-802.2 |
53,359.5 |
2024 Cash Flows for Arizona State Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 3,356.4 |
4,158.6 |
4,382.5 |
3,580.3 |
Cash Flow as a Percentage of Assets
Arizona State Retirement System
2001-2024
| Fiscal Year |
Arizona State Retirement System |
National Average |
| 2001 |
-3.3 |
-2.1 |
| 2002 |
-3.8 |
-2.2 |
| 2003 |
-4.4 |
-2.5 |
| 2004 |
-2.6 |
-2.0 |
| 2005 |
-2.9 |
-2.4 |
| 2006 |
-2.1 |
-2.5 |
| 2007 |
-0.9 |
-2.1 |
| 2008 |
-1.6 |
-2.4 |
| 2009 |
-2.0 |
-3.2 |
| 2010 |
-2.7 |
-3.2 |
| 2011 |
-2.7 |
-3.1 |
| 2012 |
-2.9 |
-3.3 |
| 2013 |
-2.7 |
-3.2 |
| 2014 |
-2.5 |
-2.9 |
| 2015 |
-2.7 |
-2.8 |
| 2016 |
-3.1 |
-3.0 |
| 2017 |
-2.9 |
-2.9 |
| 2018 |
-2.9 |
-2.6 |
| 2019 |
-2.7 |
-2.6 |
| 2020 |
-2.6 |
-2.4 |
| 2021 |
-2.1 |
-2.1 |
| 2022 |
-2.1 |
-2.1 |
| 2023 |
-1.8 |
-2.1 |
| 2024 |
-1.5 |
-2.1 |
