This section of the website provides tools and resources for understanding your benefits and helps keep you informed on recent events and happenings, notices, articles of interest, and more.
For detailed information on your retirement benefit, see the Benefits Administration Operating Procedures.
Eligibility for Retirement
Your retirement benefits and eligibility date are determined in part by your retirement group, which is determined by your employment date. Click here to find out which retirement group you are under and how you reach eligibility.
Purchasing Service Credit
The primary way to obtain service credit is by working in a regular full-time position and making the mandatory contributions to the system. However, if you qualify, you can establish additional service credit by purchasing it. Click here for further information on service purchases. To estimate the cost of purchasing service credit, use the estimator tool in MemberDirect. If you don't have a MemberDirect account, click "enroll" and follow the steps to register. For a list of monthly deadline dates for completing a service purchase, please click here.
Requesting a Retirement Benefit Estimate
Click here to find a form that must be filled out to request an estimate of your retirement benefit.
Seminars are held monthly. You must be within two years of retirement to register.
**Seminar Schedules Have Changed due to COVID-19**
While COAERS remains in remote operations as a result of the COVID-19 pandemic, all in-person seminars have been postponed until further notice. Participants who previously registered for a seminar will be notified with more information. If you have any questions about retirement, please contact our Member Services team for assistance at 512-458-2551 or email@example.com.
Virtual Pre-Retirement Seminars
COAERS has launched the Pre-Retirement Virtual Seminar to help members to learn about the retirement process. Please check our events page for the next schedule virtual seminar or contact firstname.lastname@example.org. In the meantime, click here to view our Pre-Retirement Seminar Presentation materials.
Once you’ve made the decision to retire, you will need to schedule an appointment with a Specialist no earlier than 90 days prior to retirement and no later than the 15th of the month in which you plan on retiring. Deadlines for retirement application processing can be found at this link. For a checklist of required forms, documents and information needed in order to apply for retirement, please click here.
COAERS Members Handbook
Click on this link to view valuable information on your Benefits, Retirement Options, and how Life Events can impact your benefits.
Death Benefit for Active Members
Should an active member die, the beneficiary/beneficiaries on file with COAERS will receive double the account balance if the member was not eligible to retire. If the member was eligible to retire, the spouse can retire in place of the member. If the member is close to retirement, they can choose to pre-select a survivor beneficiary option.