Is ASRS a pension or pension fund?

ASRS (Automated Storage and Retrieval Systems) is not a pension or pension fund. It is a type of automated storage and retrieval system used in various industries to efficiently store and manage inventory. However, the term "ASRS" is also used to refer to the Arizona State Retirement System (ASRS), which is a state agency that administers retirement plans, including pensions, for state employees and retirees. In the context of retirement plans, ASRS functions more closely to a pension fund than a traditional pension. While it is not a pension per se, it is a financial system designed to provide retirement income, similar to a pension fund. However, it is not a defined benefit plan like a traditional pension, but rather a technology-driven system for managing retirement assets. So, to clarify: - **ASRS (Automated Storage and Retrieval Systems)** is a technology for inventory management. - **ASRS (Arizona State Retirement System)** is a state agency that administers retirement plans, including pensions, for state employees and retirees.