Title
Transfer of Retirement Funds to Arizona State Retirement System (Ordinance S-47635)
Description
Request to authorize the City Manager, or his designee, to transfer retirement funds for Ildiko Palmer in the amount of $101,605.92 to the Arizona State Retirement System, and further request authorization for the City Controller to disburse funds.
Report
Summary
Pursuant to Arizona Revised Statutes, sections 38-730 and 38-922, retirement service credits for former members of the City of Phoenix Employees’ Retirement System (COPERS) may be transferred to the Arizona State Retirement System (ASRS) upon approval by the Council. The following former City of Phoenix employee has requested transfer of the balance of their credited service:
Palmer, Ildiko: $101,605.92
Concurrence/Previous Council Action
This item was approved by the COPERS Board at its May 6, 2021 meeting.
Department
Responsible Department
This item is submitted by Deputy City Manager Toni Maccarone and the Retirement Office.