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Audit Resources

Minimum Compensation Amount

Surcharge Minimum Compensation Amounts
FY2018 $23,700
FY2017 $23,500
FY2016 $23,000
FY2015 $20,450
FY2014 $20,250
FY2013 $20,525
FY2012 $35,800

This surcharge amount is exclusively used to fund health care benefits.

Employer Contribution Allocation

Employer Contribution Allocation (% of Payroll)
  FY2017 FY2016 FY2015 FY2014 FY2013
Pension 13.20 13.21 12.39 13.05 13.05
Medicare B 0.75 0.74 0.74 0.76 0.74
Death 0.05 0.05 0.05 0.05 0.05
Health Care 0.00 0.00 0.82 0.14 0.16
TOTAL 14.00 14.00 14.00 14.00 14.00

The Comprehensive Annual Financial Report (CAFR) contains detailed information about SERS’ financial operations, including our stewardship of the funds entrusted to us, and our compliance with all of the legal requirements placed on us by the state. The CAFR details major initiatives and highlights, investments, and funding for the period from July 1 to June 30.

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The Summary Annual Financial Report (SAFR) is an overview of the financial health, investment performance, demographics, and key accomplishments of the last fiscal year. All of the financial information summarized in this publication can be found in more detail in our Comprehensive Annual Financial Report (CAFR).

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Each year, SERS receives requests for the information required by the Governmental Accounting Standards Board (GASB) Statements 27 and 45.

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  • Statement 27, Accounting for Pensions by State and Local Governmental Employers - Requires public employers to provide detailed disclosures of pension information in financial statements and accompanying information. (See GASB 68 for FY 2015)
  • Statement 45, Accounting and Financial Reporting by Employers for Postemployment Benefits other than Pension - Also establishes standards for disclosure of information on postemployment benefits other than pension benefits by all state and local government employers.

Please review the information contained in the following links and include, as appropriate, in your financial reports. 

For the year ended June 30, 2017

For the year ended June 30, 2016

For the year ended June 30, 2015

For the year ended June 30, 2014

For the year ended June 30, 2013

For the year ended June 30, 2012

For the year ended June 30, 2011

For the year ended June 30, 2010

For the year ended June 30, 2009

For the year ended June 30, 2008