Supplemental Retirement Savings Plan (SRSP)

Pima County adopted the Supplemental Retirement Savings Plan (SRSP), a 401(a) plan on 01/01/2008. This plan is available to those benefits eligible Pima County employees who are age 40 (ASRS) and 30 (PSPRS) or older.  Participation is a one time, irrevocable election.  Participating employees will have the option to elect a percentage of pay or a specific annual amount.  Selecting a percentage of pay allows that amount to increase as your income increases; whereas flat amounts will remain the same for the remainder of County employment.  Deductions are taken on a pre-tax basis saving you additional dollars.  Various investment options are available. 

This voluntary plan can be elected in addition to your mandatory retirement pension and your voluntary Deferred Compensation.

The SRSP provides you with:

• A pre-tax/tax deferred way to invest for retirement

• Higher contribution limits than those allowed under 457s or IRAs--up to 100% of pay or $49,000 (whichever is less)

• An opportunity to create an individual portfolio of investments from a broad spectrum of asset classes

• A home for rollovers, allowing you to consolidate and manage your retirement and savings plan assets through one low cost plan.

Enrollment periods:

• Within two years from hire date, if eligible

• Within two years reaching the eligibility age -- 40 (ASRS) or 30 (PSPRS)

Nationwide Retirement Solutions is the administrator for the ASRS Supplemental Retirement Savings Plan.  Click here for additional information: www.AZSRSP.com

If you have additional questions or would like to enroll, please contact:
Ron Savageau
office: 770-1076 x 1179; cell: 237-2827
savager1@nationwide.com