A Comparison of Arizona’s Two State Retirement Systems

The State sponsors two retirement systems for government employees, the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (System), which are independent of each other and differ in terms of structure, membership, size, and benefits. This information brief provides a comparison of the two systems, highlighting some of their similarities and differences as discussed in-depth in their 2015 performance audits and sunset reviews (see ASRS Report No. 15-106 and System Report No. 15-111).