Medicare Announces 2021 Premium
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.
SERS News and Updates
Ohio Deferred Compensation Conducting Webinars This Week
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…
Benefit Recipients with Benefit Effective Date Prior to April 1, 2018, to Receive 0.5% COLA
At its September meeting, the Board unanimously voted to approve a 0.5% cost-of-living adjustment (COLA) increase for eligible retirees and beneficiaries in 2021. Previously, COLAs were suspended from 2018 through 2020. As a result of HB 49, passed in 2017, the…
Public Pensions are not the Same as Multiemployer Pensions
If you follow Ohio politics closely, you’ve probably seen Ohio senators Sherrod Brown and Rob Portman talking about the need to financially stabilize private multiemployer pension funds. Both Ohio senators serve on the Join Select Committee on Solvency of Multiemployer Pension…
Non-Filers Must Provide Information by October 15 to Receive Stimulus Payment by End of the Year
Have you received your Economic Impact Payment yet? If not, you may be considered a “non-filer.” You are a non-filer if: Your income is less than $12,200 You’re married filing jointly and together your income is less than $24,400 You have…
Delta Dental Temporarily Reduces Premiums
Benefit recipients who are enrolled in the Delta Dental Plan through SERS will receive a premium reduction during the months of September, October, November, and December this year. This temporary premium reduction is due to reduced dental visits during the COVID-19…
Member Annual Statements Available in September
Be on the lookout soon for your annual statement. SERS members will receive a paper statement in the mail during the first week of September. Electronic statements will be available on Account Login after September 1. If you have not…
Have You Been Contacted by SERS About Medicaid Eligibility? If So, You Need to Take Action
Recently, we began mailing letters to non-Medicare health care plan enrollees who may be affected by a recent SERS rule change. The letter discusses their eligibility for Medicaid and SERS’ health care coverage. Most non-Medicare enrollees will not be affected by…
Upcoming Election for Full-Term Board Seats
Three Full-Term Board Seats Up for Election Two employee-member seats and one retiree-member seat are up for election with the terms beginning July 1, 2021, and ending June 30, 2025. Any member of SERS, other than a disability benefit recipient, is…
Stay Alert: IRS Releases 2020 List of “Dirty Dozen” Scams
Every year, the Internal Revenue Service (IRS) compiles a list of the most prevalent scams targeting taxpayers. While scams tend to increase during tax season, the coronavirus pandemic has added another element to the more common schemes we have seen in…
