News

Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to Austin Police Retirement System for its annual comprehensive financial report for the fiscal year ended December 31, 2023.

Retired Members:

Your IRS 1099-R form will be mailed by Northern Trust by January 31^st. Information concerning health insurance premiums paid throughout the year are on your December paystub.

The Austin Police Retirement System ("System") is pleased to announce the launch of our new pension administration software and the upcoming MemberDirect portal, which will greatly enhance service delivery and improve overall user experience. This advanced system is designed to optimize the efficiency and accuracy of pension management, while the MemberDirect portal will provide members with convenient access to their payment information, allow updates to contact details and beneficiary designations, and offer additional self-service features.

The PROP interest rate for the 2025 calendar year has been adopted by the APRS Board. Effective January 1, 2025, the new PROP Interest Rate will be 4.19%.

The Austin Police Retirement System is pleased to announce the upcoming launch of our new pension administrative software! Click the newsletter link below for more information!

Actuarial reports are fundamental to financial planning and risk management, providing critical insights for decisions involving long-term financial commitments.

It is imperative to ensure that your beneficiary information is up to date. Failure to have a valid APRS beneficiary form on file with the System, and to keep it current, can complicate the management of the final affairs of a deceased officer. 

We are excited to announce the publication of our annual report, which is now available on our website. This comprehensive report offers an in-depth look at our achievements, financial performance, and strategic initiatives over the past year.

Looking to update your knowledge of retirement options? Check out the 2024 Spring Newsletter to refresh on key subjects like Benefits 101: Survivor Options and more!

The Austin Police Retirement System delivered an investment return of 11.50%, net of fees, for calendar year 2023, exceeding the System’s investment return assumption of 7.25%. These gains raised the total assets of the System to over $1.015 billion. The 2023 returns also raised the System’s 5-Year investment return average to 9.40%.