The U.S. Consumer Financial Protection Bureau (CFPB) is warning of a new scam which targets older adults. In this latest scam, victims are told that they have won a class-action lawsuit in a foreign country but must pay taxes or money…
Medicare has announced the standard monthly premium for Medicare Part B enrollees will be $164.90 in 2023, a decrease of $5.20 from $170.10 in 2022. According to the Centers for Medicare and Medicaid Services, the decrease is due to lower-than-projected spending…
At its September meeting, the Board unanimously voted to approve a 2.5% cost-of-living adjustment (COLA) increase for eligible retirees and beneficiaries in 2023. By statute, SERS’ COLA is based on the year-to-year change in the Consumer Price Index (June 2021 to…
A lot has changed since 1937. For instance, the price of gas, which was 10 cents per gallon, and the cost of a movie ticket, which was 25 cents. But one thing that has remained constant is SERS’ commitment to its…
The American Investment Council (AIC), a private equity advocacy and research organization, released its annual Public Pension Study this week, naming School Employees Retirement System of Ohio number seven on their list of top pension funds with the highest private equity…
One employee-member seat is up for election with the term beginning July 1, 2023, and ending June 30, 2027. Any member of SERS, other than a disability benefit recipient, is eligible to run for an employee-member seat. To be considered for…
As of the end of the fourth quarter of 2021, the Federal Reserve calculated that U.S. public pensions held $5.85 trillion in assets. This staggering collective value alone places a target on pension systems from a myriad of individuals and groups…
Beginning August 1, 2022, retirees and benefit recipients will start receiving the Retiree Focus newsletter and their payment stub two times a year. The Retiree Focus and payment stub, which were previously mailed quarterly, will now now be sent twice a…
On April 7, 2022, staff at the State Teachers Retirement System of Ohio (STRS) alerted SERS that someone sent a series of emails to STRS and SERS members in several school districts supporting specific individuals in an upcoming STRS Board election….
Medicare enrollees can now get free over-the-counter COVID-19 tests at eligible pharmacies and other participating locations. The Centers for Medicare and Medicaid Services (CMS) announced on April 4, 2022, that for the duration of the COVID-19 public health emergency, Medicare Part…
