Volunteers Needed for Nominating and Election Committee
We are currently searching for volunteers to serve on the
COAERS Nominating and Election Committee which will
oversee this fall’s election of two active members to fill Places
#8 and #9 on the COAERS Board of Trustees. The Committee
will develop the election ballot and determine the results of the
election. Volunteers will meet once in June then three or four
times in the fall of 2013.
This year’s election will be held from mid-October to early
December. Currently, Place #8 is held by Chris Noak and Place
#9 is held by Jim Williams. Their terms expire December 2013.
The new term will begin January 2014 and continue through
The Nominating and Election Committee serves an important
function. Committee members ensure that our election is fair
and runs smoothly. Th ose wishing to volunteer should contact
Ms. Jo Anne Norton by telephone at (512) 458-2551 ext. 130
or by email at firstname.lastname@example.org.
Determining Final Average Pay
One of the key components in determining your retirement benefit from COAERS is final average pay. We wanted to take this opportunity to provide our membership with more information about this topic. We would like to thank a few of our members for making us aware that the topic wasn't adequately covered in our Handbook. Here's a brief description of how your pay plays a part in your retirement benefit.
The pay that COAERS uses to determine your retirement benefit is base pay. More specifically, your hourly rate for a normal 80-hour pay period is used. This means that your retirement benefit is not based upon overtime or other types of pay that you might receive. At retirement, your final average pay is determined by averaging the highest 36 months of base pay out of the last 120 months of base pay prior to your retirement date.
Final average pay is then multiplied by your total service credit then multiplied by either 3% for Group A members or 2.5% for Group B members to determine your lifetime monthly retirement benefit.
If you are close to retirement eligibility, you will want to obtain an estimate of your retirement benefits, which includes details about the calculation of final average pay. To obtain an estimate, click on the "Forms" tab above, then click on "Request for Retirement Benefit Estimate". Complete the form and send it to us.
4th Quarter 2012 Investment Returns
For both short and long term periods through 12/31/12, the COAERS fund ranks among the top performing public pension funds in the country.
Using public fund percentile rankings, the COAERS fund produced a 32nd percentile return of +2.13% for the fourth quarter of 2012 (with 1st percentile being the best, 100th being the worst performing fund). For the calendar year ended December 31, 2012, the fund earned a 28th percentile ranking with a return of 13.82%.
The COAERS fund once again ranked highly among all public funds for the 3, 5, 7, and 10 year trailing periods. The 3, 5, 7, and 10 year percentile rankings were 24th , 17th, 17th, and 12th percentiles, respectively. Click here to view a graph showing how the fund's performance compares to that of other public pension funds.
Upcoming Retiree Pay Dates
- May 31, 2013
- June 28, 2013
- July 1, 2013
Retirement Benefits and Cost of Living Adjustments
Application to IRS for Determination Letter -
Notice to Interested Parties
City of Austin
Employees´ Retirement System
418 E. Highland Mall Blvd.
Austin, Texas 78752-3720
(512) 458-5650 fax
Questions or Comments
E-mail your questions or comments about retirement benefits to
Please click here to access the most recent quarterly COAERS Investment Report.
Please click here for employment opportunities with COAERS.
CIQ & CIS Forms
Please click here for important information.
¿Habla Usted español?
Representantes están disponibles para contestar sus preguntas en español por teléfono o aquí en la oficina de COAERS. Además, contamos con algunas formas en español y podemos dar presentaciones sobre el sistema y la jubilación para los miembros interesados. Favor de hablar al (512) 458-2551.
Spanish Translated Forms Available
(Info on RSS Feeds)
Link for Retirees
Link for Active Members