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What are the different types of service that can be purchased at COA ERS?
Permissive Time: Members may purchase up to five years of Permissive Time to advance their retirement eligibility date and/or increase the amount of their monthly annuity upon retirement. Only vested Members with five years of service with COA ERS are eligible to purchase Permissive Time. The minimum purchase is one month with a maximum of 60 months. Age, salary, earliest retirement date, and a combination of actuarial data determine the cost. There may be federal limitations on certain purchases.
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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