What is my ASAF?
A-S-A-F stands for Annuity Savings Accumulation Fund. This account contains the monthly supplemental contribution the Department of Education provides to certain Tier III, IV, and VI members who reach the maximum of their salary schedule. This amount is $550 per year for supervisors and administrators, and $400 per year for other eligible members. This contribution is not provided to adjuncts, college employees, Charter School employees, or paraprofessionals.