Any time the federal government earmarks funding for state and local governments, some legislators express concerns that once the money is delivered to the states it will be used to “bail out” public pension funds instead of its intended purpose. While…
UPDATE (March 26): the special enrollment deadline has been extended to August 15, 2021. Original story (February 15, 2021): The federal government is reopening the Health Insurance Marketplace beginning February 15 through May 15, 2021, to assist Americans who remain uninsured…
All 1099-R forms have been mailed. Along with the form, you will receive a handout explaining how federal and Ohio income tax laws apply to your SERS pension payments. The form is also available through Account Login. If you haven’t already registered…
COVID-19 vaccines will be given to U.S. residents at no cost. However, vaccination providers can charge an administration fee for giving someone the shot. If you are enrolled in a SERS health care plan, the vaccine and administration fees are covered….
From time to time, SERS is notified of suspicious calls where the caller states they are contacting the member or retiree on behalf of SERS or to discuss SERS benefits. While SERS may occasionally call you regarding your account, we ask…
The Annual Financial Report contains detailed information about SERS’ financial operations, which include major initiatives and highlights, investments, and funding for the period from July 1, 2019 to June 30, 2020. The Summary Annual Financial Report (SAFR) is an overview of…
SERS has demonstrated a longstanding commitment to transparency, accountability, and trust through its public access of financial reports, availability of investment information, and reporting of its monthly Board meetings. As a responsible steward of SERS’ assets, the System continually looks for…
As we mentioned in our September 23 story and latest issue of Retiree Focus, the Board unanimously voted to approve a 0.5% cost-of-living adjustment (COLA) for eligible retirees and beneficiaries in 2021. Previously, COLAs were suspended from 2018 through 2020. You…
Medicare has announced the standard monthly premium for Medicare Part B enrollees will be $148.50 in 2021, an increase of $3.90 from $144.60 in 2020.
Financial security should be everyone’s goal in retirement. Your pension provides a good base, however it should not be your only source of income. Investing is a good place to start. While building your portfolio can be intimidating, Ohio Deferred Compensation…
