Overall Rating Expired
Overall Score Expired
Liaison Matthew Muchna
Submission Date Oct. 8, 2012
Executive Letter Download

STARS v1.2

Northern Arizona University
PAE-T2-6: Socially Responsible Retirement Plan

Status Score Responsible Party
Complete Expired Bryan McLaren
NAU Sustainability Coordinator
Office of Sustainability
"---" indicates that no data was submitted for this field

Does the institution offer a socially responsible investment option for retirement plans?:
Yes

A brief description of the socially responsible investment option for retirement plans:

All benefit-eligible employees (employees who work 20 hours per week or more and are scheduled to work 6 months or longer) are required by state mandate to participate in a retirement plan.

Arizona State Retirement System (ASRS) – Classified/Faculty/Appointed Staff

The Arizona State Retirement System is required for all Classified Staff employees. Faculty/Service Professional/Appointed employees may choose between the Arizona State Retirement System and the Arizona Board of Regents sponsored Retirement Plan (ORP).

The ASRS is a defined benefit plan. Defined benefit plans are similar to traditional pension plans. Employees who retire through the ASRS are guaranteed a monthly benefit for life. Retirement benefits are calculated using a formula based on age and years of service and the highest 36 consecutive months of salary over the last 10 years of employment.
Public Safety employees are required to participate in the Public Safety Personnel Retirement System (PSPRS).


Optional Retirement Plan (ORP) - Faculty/Service Professional/Appointed

The ORP is a defined contribution plan. Retirement benefits are based on the total accumulation of funds, including any investment gains or losses.
ORP Vendors - The Arizona Board of Regents currently contracts with three financial institutions for the ORP:

•Valic
•Fidelity Investments
•TIAA-CREF
Arizona Board of Regents ORP Performance Report

The above information is a general overview of the ORP. Additional information about the ORP, including specific investment information, is available in the Optional Retirement Plan Book , Restated Plan Document, or by contacting an ORP Vendor.


The website URL where information about the program, policy, or practice is available:

The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution and complete the Data Inquiry Form.