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2021 Annual Report
 
Update on DROP Distributions 

Effective December 1, 2022, DROP members are now allowed to take a total of 12 distributions from their DROP account, increased from the previous limit of 8. The annual limit of 4 distributions remains the same. To make a withdrawal or to check your DROP balance, please contact the pension office. 

DROP Letter
The DROP Letter is intended to remind you of the new DROP Procedure effective beginning September 1, 2022. 
Click Here  to view the DROP Letter.
December 2022 Newsletter
Annual Fact Sheet
1099s

State Street will complete mailing 1099s by January 31, in compliance with IRS regulations. Some members may receive their form after February 1st. If you have not received your form by February 6th, you may contact the pension office to request a copy.

Update on 2023 COLA 

At the November 2022 Board meeting, AFRRF's actuary determined that a COLA cannot be supported under the Fund’s COLA Policy, based on the Fund’s -14.5% return through September 2022. Therefore, the Board was unable to grant a COLA in 2023. The Board is bound by its COLA Policy and its actuary’s recommendation.  It was a difficult decision for the Board given the current inflationary pressure on our retirees. Please see the actuary’s analysis below and feel free to reach out to staff if you have any questions at all.

QDRO Forms

Please click on the links below to view the new QDRO Forms adopted by the Board on November 29th, 2021. 

January 2023 Board Meeting

January 23, 2023 at 9:00 am

Boards and Commissions Room at Austin City Hall

301 W 2nd Street, Austin, TX 78701

Click HERE for the Agenda.
Click HERE for the Board Packet.

Listen to the Meeting Recording using the media player below. 


 

Jan2023 Board MeetingAFRRF
00:00 / 41:27

December 2022 Board Meeting

December 12, 2022 at 9:00 am

Boards and Commissions Room at Austin City Hall

301 W 2nd Street, Austin, TX 78701

Click HERE for the Agenda.
Click HERE for the Board Packet

Click HERE for the Meeting Minutes. 
Click HERE for the meeting recording.
Password: December2022

Past Board Meetings
 

Minutes and Agendas for past Board Meetings can be found on the Minutes & Agendas page. Additionally, you will find links to one year's worth of archived WebEx meeting recordings. 

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