Title
Transfer of Retirement Funds to Arizona State Retirement System (Ordinance S-43324)
Description
Request authorization for the City Manager, or his designee, to transfer retirement funds to the Arizona State Retirement System. Request to authorize 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 upon approval by the Council. The following former City of Phoenix employee has requested the balance of their credited service:
Husser, Katherine $26,600.15
Concurrence/Previous Council Action
The COPERS Board approved this item at its Dec. 1, 2016 meeting.
Department
Responsible Department
This item is submitted by Special Assistant to the City Manager Toni Maccarone and the Retirement Office.