Employees considering retirement should review the Retiree Benefits Checklist (PDF) to review a list of items to consider and the actions to be taken.
Retirees are eligible for medical and/or dental benefits through the City if they meet the following criteria:
- Employees hired on or after July 1, 2015 who have completed a minimum of 5 consecutive years of service with one or more NAPEBT employer(s) and are eligible to receive retirement benefits from ASRS, PSPRS, or EORP.
- Employees hired prior to July 1, 2015 do not have a minimum years of service.
- If eligible and wishing to elect coverage, the employee will need to complete the Retiree Benefits Election Form and return it to Human Resources. The form is available on the CityNet HR Benefits & Leaves page. Retirees are eligible to continue coverage until Medicare eligibility is reached (the month before their 65th birthday).
Arizona State Retirement System (ASRS)
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.
For further information about the ASRS retirement system, please visit the ASRS website.
Public Safety Personnel Retirement System (PSPRS)
Commissioned police officers and firefighter personnel are members of the Public Safety Personnel Retirement System. All employees, except commissioned fire personnel, contribute to Social Security.
Elected Officials' Retirement Plan/Elected Officials' Defined Contribution Plan (PSPRS)
Elected officials may participate in the Elected Officials' Retirement Plan or the Elected Officials’ Defined Contribution Retirement System (EODCRS) Plan managed by PSPRS, depending on earlier employment. For more information about tiers and eligibility, go to https://www.psprs.com/elected-officials/
Phased retirement provides the opportunity for Normal Retirement eligible individuals to retire, draw their pension, and immediately go back to work in the same position as a contracted employee. The program was created to help retain the experienced, veteran workforce at a significant cost savings to state entities. Employees can increase their gross earnings by approximately 50%, while entities save 20-30% per employee.
The program is designed to assist employees with a both a financial and emotional bridge towards retirement. Further, phased retirement can be used as a vehicle help incentivize the well trained, institutional knowledge workers to stay working in the positions they love, rather than losing their experience to the private sector.
To be eligible for this program employees must (1) be a contributing member to ASRS or PSPRS and eligible for Normal Retirement per their definitions; (2) have demonstrated above average performance; and (3) serve a key role in critical project(s) not yet completed or will be completing a succession plan.
If you are interested in participating, you may review the Phased Retirement Information and Checklist (PDF) then download and complete the Phased Retirement Request Form (PDF). Employees must complete the request form and obtain approval from their chain-of-command before their retirement date. Requests may be denied.
Employment contracts with the phased retirement employer may be requested in 3-month increments up to a maximum of one year.