March 1, 2023
AUSTIN, TX – Today, the City of Austin Employees’ Retirement System (COAERS) Board of Trustees announced that the retirement system will move its current Northwest Austin offices located in the Northpoint Centre complex near Far West Boulevard and Mopac to 4700 Mueller, a commercial office building located in the Mueller District. The retirement system anticipates transitioning to its new headquarters in 2024.
In alignment with its fiduciary duties, the COAERS Board evaluated the System’s long-term facilities needs to serve its members, enhance operations, and streamline costs, and 4700 Mueller fulfills those criteria. “The property’s location, facilities, and the ability to meet our organizational, staffing, and member needs now and, in the future, make it an excellent long-term capital asset for COAERS,” said Executive Director Christopher Hanson. “The move will help COAERS continue to drive value for our members and better achieve our goal to provide them with high-quality services, education, and experiences.”
Built in 2007, the property will provide additional space to expand retirement planning and counseling services and events for COAERS members to access, and it will consolidate COAERS staff in one building.
For more information, please click the link below.COAERS New Headquarters FAQ
COAERS, a defined benefit pension fund, was originally established in 1941 by City ordinance and has been governed by Texas state law since 1991. Governed by an eleven-member Board of Trustees, COAERS administers retirement, disability, and death benefit programs for full-time employees of the City of Austin, and serves more than 20,000 active members, retirees, and beneficiaries.
Mehrin Rahman, Communications Director