What does it mean to be a “vested” Member?
Members become vested with COA ERS as soon as they have five years of Creditable Service (See Creditable Service). Vesting is a very important step towards earning a retirement benefit. A vested Member whose retirement contributions remain in the Retirement System is entitled to receive a lifetime benefit. The Member can apply to receive the benefit upon reaching retirement eligibility (See Retirement).
Creditable Service/Membership | Contributions | Proportionate Service | Service Purchases
Retirement | Lump-Sum Payments | Retirees Working for the City of Austin | Retiree Health Insurance
Leaving City Employment | Other Information
The Frequently Asked Questions document is intended to provide general information to Members. Member specific questions should be directed in writing to the COA ERS Staff. If there is any difference between the information provided in this document and the law or policies that govern COA ERS, the law and policies will govern.