Bigger Slice of Some UA Paychecks Going to Retirement
Employees who participate in the Arizona State Retirement System will be required to set aside a larger portion of their paychecks for retirement beginning July 1.
The board of trustees for the Arizona State Retirement System, or ASRS, has announced that retirement contribution rates for fiscal year 2012 will increase from 9.85 to 10.75 percent as a result of the struggling economy and a decreasing number of government employees contributing to the system. The change will affect approximately 6,800 UA employees.
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