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Retirement
Arizona State Retirement System
Employees are members of the Arizona State Retirement System (ASRS). ASRS is a state agency providing retirement benefits, long-term disability benefits and other benefits to employees of the state, counties, municipalities, universities and community colleges, school districts and other political entities.

Plans Available
In addition to the defined benefit retirement plan and long-term disability, ASRS administers a group health insurance program for retired and disabled members who do not participate in their former employer’s group health insurance plan. Several dental plans, which include vision benefits and eyewear discounts, are also available.

Vested Benefits
Required employee contributions to ASRS are matched by the City of Flagstaff. Members become vested after five years of service, entitling them to receive benefits at retirement age. Vested members who leave City employment may draw benefits at age 50. Retirement benefits are calculated by the following formula:

Retirement Benefits Calculation
Total credited service
The period of your employment during which you are a member making contributions to the ASRS - plus any service purchased and credited to your account. 
X
Multiplied by
Graded multiplier
A percentage set by statute. It is based on your total years of service of retirement.
X
Multiplied by
Average monthly compensation
Determined by one or two calculation methods - the 36 month or 60 month calculation.

For further information including the graded multiplier and month calculation, please visit the ASRS website.

Commissioned police and fire personnel are members of the Public Safety Retirement System. All employees, except commissioned fire personnel, contribute to Social Security.