AFRS continues to monitor developments related to the COVID-19 virus. We are committed to making sure that there is no disruption to our services, especially for payment of monthly annuities. Once processed, AFRS benefit payments are handled offsite by the Fund's custodial bank, State Street, which also has preparedness plans in place to ensure success with business continuity. Please note that as of March 18, the AFRS office with be closed to walk-in visitors for an undetermined period. Staff is preparing to work remotely and we have confidence that we can handle the needs of AFRS members as they arise. We will also not be accepting face-to-face office appointments or consultations for the next couple of weeks. We anticipate being able to temporarily handle all business over the phone or through electronic communication. If you need assistance, please do not hesitate to contact us by calling (512) 454-9567, sending an email at staff@afrs.org, or through your account on our website www.afrs.org.
The pension plan is a defined benefit plan that was established by an Act of the 45th Texas Legislature in 1937. The Austin Firefighters Relief and Retirement Fund is currently governed by Article 6243e.1, Vernon's Texas Civil Statutes. The pension plan provides retirement, disability, death, and survivor benefits to approximately 1,700 active and retired participants and their eligible beneficiaries, as provided in the Act governing the Fund.