As a member of the Arizona Retirement Security Coalition (ARSC), the Faculty Association works to provide faculty and staff information and resources they need to understand and protect our pension. Currently, private interest groups are planning legislation to move ASRS members into a 401k defined contribution style plan.
ASRS is a defined benefit plan where employers guarantee a specific retirement benefit amount for each participant. On the other hand, a defined contributed style plan is funded primarily by the employee and are invested at the participant’s direction. The employer has no obligation toward the account’s performance.
Learn more about ASRS and what is happening by watching the recording of the Save Your Pension event hosted by PC Faculty Senate and the Faculty Association. You can also view the presentation.
ARSC Core Coalition Members
AARA - Arizona Alliance for Retired Americans
AASRA - All Arizona School Retirees Association
ACEP - Arizona Center For Economic Progress
AEA - Arizona Education Association
AEA Retired - Arizona Education Association Retired
AFL - CIO - American Federation of Labor – Congress of Industrial Organizations
AFT – American Federation of Teachers
AFSCME - American Federation of State County and Municipal Employees
MCCFA – Maricopa Community Colleges Faculty Association
The Maricopa Community Colleges Faculty Association is a 501(c)5 voluntary labor organization composed of current and retired Residential Faculty of the ten Maricopa Colleges.