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PENSION BENEFITS AT RISK WITHOUT COLA CHANGES

(5/16/17) - As Chair of the SERS Board of Trustees and an active member of OAPSE, I want to let you know the importance of the proposed Cost-of-Living Adjustment (COLA) changes to SERS.  

Protecting Pension Benefits Is Our Priority

The SERS Board is sworn to protect the pension benefits of active and retired members.

The changes fairly ask active members and retirees to share in the pension funding solution, rather than saddling active members with the entire burden.

Ignoring the Problem Now Makes It Worse Later

SERS must address its financial challenges now. The pension fund may not withstand another serious financial crisis. The health care fund has seven years of funding, and cannot survive without a healthy pension fund.

Despite this urgency, members are being asked to oppose these changes.

A FAIR Solution

We know these changes are difficult. Several of our advocacy group partners have provided letters of support or understanding that the COLA changes are a FAIR and NECESSARY solution. 

We Need to Hear from You

If you agree that it is better to make changes now rather than waiting for the funding problem to get worse, let the SERS Board hear your voice.   

Click the green button below to tell the Board, "Yes, preserve my pension and access to SERS' health care!"

 

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Click here for more information regarding the proposed changes.

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(5/5/17) - Between preparing healthy meals for our children, being vigilant about student food allergies, and serving each child with a smile, school nutrition staff are true heroes.

Today, we spotlight and thank all school nutrition professionals and honor you for your commitment to our schools each and every day!

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(5/1/17) - Thank you to all our working and retired school bus drivers for keeping Ohio's school children safe each and every day. 

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(4/28/17)If you previously had an online account to access the old version of Member Account Login, you will need to create a NEW user profile to access your personal SERS account information in the new Member Account Login.

The upgraded Member Account Login includes additional functionality, as well as enhanced security features to keep your information safe.

 

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(4/12/17) - SERS' new benefit administration system is "live."  That means that the new Member Account Login is now available. 

Your Member Account Login has a new look. Because of its increased functionality and capabilities, the system's security features have been upgraded

As result of the upgrade, you will need to create a new account to access your SERS account information. We will guide you through the registration process. 

During this transition period, please be patient with us. You may experience some longer than usual turnaround times.

SERS’ staff is appreciative of the assistance from Sagitec, our technology vendor, for a smooth transition from the old system to the new one.

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(4/10/17) - You recently may have received a mailing from Protect Ohio Pensions, Inc. (POP5), a new organization that was founded with the goal of “preserving Ohio’s defined benefit pension plans and protecting the pension systems’ investment decisions from outside financial, or politically motivated, influences.”

SERS is not affiliated with POP5, and we do not advocate for or against joining this organization. Please use your best judgement as to whether or not they provide services that are important to you. 

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(3/14/17) – The Acting Inspector General of Social Security warns citizens of another “imposter phishing” scheme.

The SSA’s Office of the Inspector General (OIG) has received many reports of citizens receiving phone calls from individuals posing as OIG investigators. The caller tells the citizen that there is an issue with their SSN or Social Security account and to call a non-SSA phone number to resolve the issue.

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The OIG recommends that individuals avoid calling the number provided, as the caller may attempt to obtain sensitive personal information.

The SSA and OIG will not request sensitive information over the phone. If you have a question regarding any communication that claims to be from the SSA or OIG, please contact your local Social Security office, or call Social Security’s toll-free customer service number at 1-800-772-1213 (TTY 1-800-325-0778), 7 a.m. to 7 p.m., Monday through Friday.  

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COLA Changes: What You Need to Know

Click here to read about the proposed changes to the Cost-of-Living Adjustment.

Click here for a chart that compares SERS' proposed COLA changes to the COLAs of other Ohio public retirement systems. This document also contains a breakdown of percentage changes in the Consumer Price Index over the past 15 years.

Click here for a detailed statement from SERS' actuary.

Contact Congress Regarding An Important Issue Affecting SERS Retirees

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.

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.

Encourage your legislator to support the Equal Treatment of Public Servants Act.

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.

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