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What happens to the retirement contributions paid by the City of Austin for City employees?
Retirement contributions made by the City, though calculated as a percentage of base compensation, are contributed for the benefit of the System as a whole, not for any individual employee. These contributions do not determine the amount of your retirement benefit and do not become part of your account balance. Therefore, if you leave employment and take a refund of your account balance, you are not entitled to any City contribution. Those funds stay with the System to help pay benefits to retiring Members and their surviving beneficiaries.
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.
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