|Members Retirees Employers|
(11/25/15) – Our office will close at 2 p.m. today, and remain closed on Thursday and Friday in observance of the holiday. We will reopen on Monday, Nov. 30.
SERS wishes you and your family a safe and happy Thanksgiving holiday.[Read More...]
The pay date for December is 12/01/2015.[Read More...]
*Direct deposit notice or check stub will be mailed to all benefit recipients.
You will receive a check stub whenever there is a change to your benefit, such as health care premium change, a tax withholding change, or a bank account change.
SERS strongly encourages all retirees to have their pension payments paid directly to a bank or credit union. Direct deposit of your funds is the only way to assure that your payment will be available on the first of every month. Direct deposit eliminates any concerns about late, lost, or stolen checks. Since pension checks cannot be forwarded, direct deposit also eliminates delays when you travel during retirement. It is your responsibility to make sure the funds are in your account before writing checks against your account.
If you do not enroll in direct deposit, there is no guarantee that you will receive your payment right on the first of every month. Delivery delays might occur that are beyond SERS’ control, such as lost or stolen checks. You must wait 10 days after the expected delivery date before SERS can begin the process of stopping payment and issuing a new check. This delay will not occur if you have direct deposit.[Hide]
(11/18/15) – Today is National Education Support Professionals (ESP) Day. ESPs are our members – secretaries, paraprofessionals, food service workers, bus drivers, custodians, maintenance workers, and information technology personnel, just to name a few. They make up more than 40% of K-12 education employees.
ESPs are critical to the daily operations of our schools, and dedicated to keeping our children safe.
Thank you for all you do![Read More...]
(11/13/15) - In a semi-annual report by RVK, Inc., the Ohio Retirement Study Council’s independent investment consultant, SERS’ recent investment performance ranked first when compared with a similar nationwide peer group of funds with more than $10 billion in assets. SERS ranked first for the first two quarters of 2015 (January through June), over the one-year period, and over the three-year period. SERS was the only Ohio retirement system to attain the highest rank in all three periods.
The recent returns mark a distinct improvement over the seven- and ten-year periods when SERS ranked in the lower third of returns compared to the peer group. SERS’ improved rankings are reflective of staff’s efforts to reduce investment fees, manage risk in the portfolio, and adjust the asset allocation of the portfolio.[Read More...]
(11/5/15) – Thank you, Rep. Tim Ryan (D-OH-13) for supporting H.R. 711, the Equal Treatment of Public Servants Act. Of the 47 representatives who have co-sponsored this bipartisan bill, seven represent Ohio.
Want your voice to be heard? Our Legislative Action Center tool makes it easy to ask your congressional representative to repeal the Windfall Elimination Provision (WEP). If you have not already done so, simply click on the link, enter your contact information, and hit “send.” To date, almost 4,000 messages have been sent.[Read More...]
(11/5/15) – A couple weeks ago, we initiated a Call to Action regarding a proposed 52% Medicare Part B premium increase. Thanks to an overwhelming response, legislation was passed late last week that will significantly reduce next year’s premiums.
Rather than the $159.39 premium that was originally proposed, non-Social Security recipients and new retirees will pay $120 – what everyone else would have paid if there was a Social Security cost of living adjustment. In addition, those affected will pay a $3 monthly surcharge to help pay down the $7 billion loan from the Treasury Department that was used to fund the reduction.
To all who responded to our Call to Action – thank you for stepping up for SERS’ retirees![Read More...]
(11/5/15) – If you worked in a SERS-covered position during the last year, you recently received an SERS Member Annual Statement.
Some of you may have received a statement with a toll-free number listed at the bottom of the first page. Because early planning is key to achieving financial security in retirement, we want to provide you as many additional savings opportunities as possible. The number listed is for Ohio Deferred Compensation, a supplemental retirement plan designed specifically for public employees.
If you have any questions regarding your SERS account, you can reach us at 1-800-878-5853. Our office is open Monday through Friday between the hours of 8:00 a.m. and 4:30 p.m.[Read More...]
(10/29/15) - Benefit recipients not yet eligible for Medicare may be able to purchase more affordable health coverage through the Health Insurance Marketplace.
You can shop for health insurance during the open enrollment period, which runs Nov. 1, 2015, through Jan. 31, 2016. You may qualify for a subsidy to help lower your premiums. Subsidies are based on household size and income.
All the plans cover essential health benefits, pre-existing conditions, and preventive care.
You are not required to change plans; you decide what is best for you.
You cannot purchase coverage in the Marketplace when you have Medicare.
Click here to learn more about the Marketplace and completing the application.[Read More...]
(10/29/15) - Results from a recent customer survey regarding SERS' Employer Services team, who serve payroll officers and treasurers, were extremely positive.
Employers were asked about a variety of topics, ranging from telephone and email support to resource materials and employer workshops. A majority of respondents were "very satisfied" with the "friendly, professional, and knowledgeable" service they received from Employer Services staff members.
Thank you to our dedicated Employer Services team for your unwavering commitment to excellent customer service, and to "serving the people who serve our schools."
(10/14/15) - Our lives are affected by the Internet on a daily basis. We bank, shop, and share personal photos online. It is easy and convenient to connect instantly with so many mobile device options at our fingertips.
With that in mind, we need to consider treating our mobile devices as we would a personal computer or laptop, by protecting our personal information and personal device at all times.
The theme of National Cyber Security Awareness Month (NCSAM) is Stop. Think. Connect.
Stop. Before getting online, consider the risks and make sure that you have security measures in place to protect your information.
Think. Think about the consequences of your online behavior – how will your actions impact your safety, or your family’s?
Connect. Enjoy using the internet, knowing that you have considered the risks and taken the appropriate steps to protect your information.
Click here to find out more about NCSAM, and steps you can take to keep your mobile device secure.[Read More...]
(10/9/15) - The Internal Revenue Service (IRS) continues to warn taxpayers to be on alert for new tax scams that could result in a significant financial loss.
Scam artists are developing new scare tactics to trick taxpayers into providing confidential financial information, or making a fake tax payment to the offender.
Scammers have expanded their approach, targeting virtually anyone. They often angrily demand payment over the phone, threatening unpleasant things, such as police arrest and deportation, if their demands are not met.
The IRS would like to remind taxpayers not to confuse the official IRS site, IRS.gov, with sites claiming to be the IRS but ending in designations such as .com, .net, or .org. Additionally, IRS representatives would not threaten arrest, or demand payment over the phone or call about taxes owed without first mailing you a letter. They will never ask for credit or debit card numbers over the phone.[Read More...]
If you believe you have been targeted in this scam, the IRS recommends that you take the following steps:
(10/8/15) - It is National Customer Service Week, and we would like to take this time to show our appreciation for the wonderful folks in our Member Services and Health Care Services departments. They are dedicated to helping you, our members and retirees.
They truly exemplify "serving the people who serve our schools."
(10/2/15) - Today is National Custodial Workers Recognition Day. We’d like to say a big THANK YOU to all the custodial workers who work tirelessly, and often behind-the-scenes, to keep our schools clean and well-maintained.
(10/1/15) - On September 11, Rep. David P. Joyce (R-OH-14) signed on as a cosponsor of H.R. 711, the Equal Treatment of Public Servants Act.
The bill now has 41 cosponsors, including six from Ohio. If passed, the bill would repeal the Windfall Elimination Provision.
If you have not already done so, we urge you to ask your congressional representative to co-sponsor the Equal Treatment of Public Servants Act by sending a message through our Legislative Action Center tool. To date, you have sent over 3,600 messages requesting support of this important legislation.[Read More...]
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Monthly Administrative Expense Reports
The Monthly Administrative Expense Reports contain information about SERS' day-to-day operating expenses and is provided in both summary and detail formats.
Click here to view these administrative expense reports.
Oppose Social Security Offset and Windfall Penalties
We encourage SERS members and retirees to contact their members of Congress to ask them to support elimination of these provisions. Contacting your legislators is easy using SERS' Legislative Action Alert. By entering your ZIP code, you’ll have access to the contact information (e-mail address, phone number, and mailing address) of your federal legislators.
Encourage your legislator to support the Equal Treatment for Public Servants Act.
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