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Independent Operational Review of the Arizona State Retirement System’s (ASRS) Investment Strategies, Alternative Asset Investment Procedures, and Fees Paid to External Investment Managers

ContributorsBattelle Memorial Institute. Technology Partnership Practice (Contributor)

Created2015-08-20

Description

This review was conducted under contract with the Office of the Auditor General and as part of the sunset review process prescribed in Arizona Revised Statutes [section]41-2951 et seq. and found that the Arizona State Retirement System's current practices and procedures are reasonably consistent with industry standards and generally in…

This review was conducted under contract with the Office of the Auditor General and as part of the sunset review process prescribed in Arizona Revised Statutes [section]41-2951 et seq. and found that the Arizona State Retirement System's current practices and procedures are reasonably consistent with industry standards and generally in line with many best practices.

Performance Audit and Sunset Review: Arizona State Retirement System - A Report to the Arizona Legislature

ContributorsBattelle Memorial Institute. Technology Partnership Practice (Contributor)

Created2015-08

Description

The ASRS defined benefit plan is not fully funded, but steps have been taken to improve its long-term sustainability and some additional actions can further strengthen its financial condition.