Title
Transfer of Retirement Funds to Arizona State Retirement System (Ordinance S-49760)
Description
Request to authorize the City Manager, or his designee, to transfer retirement funds for Holly Moore in the amount of $44,653.44 to the Arizona State Retirement System. Further request to authorize the City Controller to disburse the 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 City Council. The following former City of Phoenix employee has requested transfer of the balance of her credited service:
Moore, Holly: $44,653.44
Concurrence/Previous Council Action
This item was approved by the COPERS Board at the May 4, 2023 meeting.
Department
Responsible Department
This item is submitted by Deputy City Manager Inger Erickson and the Retirement Office.