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What retirement options are available when I retire?
COA ERS provides several options for payment of monthly retirement benefits. All payment options are actuarially equivalent to the basic Member only Life Annuity benefit. You should choose a payment option that best meets your individual needs. If you choose an option that will pay benefits to your survivor beneficiary at the time of your death, your benefit will be reduced based on your age and the age of your surviving beneficiary. The total annuity you and/or your designated survivor beneficiary will receive each month depends on the retirement option chosen. If you choose a non-spouse survivor beneficiary, some restrictions may apply. You can schedule a meeting with a Member Services Specialist to discuss the options that are available to you. You are strongly encouraged to obtain independent financial and/or tax advice when making decisions about your benefits. COA ERS staff will assist you in understanding your benefits, but they cannot provide recommendations about the decisions you make.
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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