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Service Purchase Blackout Period

The City of Austin Deferred Comp Plan will be transitioning from Great West Retirement Services to ING Institutional Plan Services (ING)beginning in November 2010. During the weeks prior to the transition, APRS members will not be able to make a rollover from their Deferred Compensation 457 plan to the retirement system for service credit purchases. The blackout period for service purchase credit rollovers will be from October 18, 2010 - October 31, 2010. During this time, however, members can still make service credit purchases if they are paying by personal check. Beginning November 1, 2010, payments for service credit purchases can be rolled over from the member's ING Deferred Compensation Plan. Please feel free to contact the Pension Office at (512) 416-7672 if you have any questions regarding the blackout period.

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