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The SERS Retirement Board consists of nine members - four elected employee members, two elected retiree members and three investment expert members. One investment expert is appointed by the governor, a second one by the treasurer of state, and the third one jointly by the speaker of the House and president of the Senate.[Read More...]
As SERS’ governing body, the Retirement Board is responsible for the administration and management of the System. Among its duties, the Board:
Board Member Commitments
The Retirement Board generally meets at least two full days every month, except in January and August, in Columbus, generally on the third Thursday and Friday. On average, a Board member can expect to spend approximately 40 working days each year involved in attending and preparing for regular, special, committee, or seminar meetings for Board business, education, planning, or training. Members of the Board receive no compensation for their services other than reimbursement of necessary expenses. The term of the office for elected members is four years and begins on July 1.
For one of the four member-elected Board positions, all SERS members, other than disability recipients, are eligible to run for the Retirement Board. However, a member must not have been convicted of or pled guilty to a felony, theft offense, or ethics law violation, and must certify this to the retirement system.
To be nominated for an open member-elected position, a candidate must gather the signatures of at least 500 SERS members on an Official Nominating Petition. As part of the 500 signatures, there must be at least 10 different counties of employment represented by 20 members’ signatures each. Members must sign their name, print their name, provide the last four digits of their Social Security number, and provide the name of their school district and county of employment. This information is necessary to verify that a member is eligible by law to have their signature counted on a Nominating Petition for a candidate.
For one of the two retiree-elected Board positions, all SERS disability and service retirees who live in Ohio are eligible to run for the Retirement Board. However, a retiree must not have been convicted of or pled guilty to a felony, theft offense, or ethics law violation, and must certify this to the retirement System.
To be nominated for an open retiree-elected position, the candidate must gather the signatures of at least 150 SERS retirees on an Official Nominating Petition. As part of the 150 signatures, there must be at least 5 different counties of Ohio residence represented by 10 retirees’ signatures each. Retirees must sign their name, print their name, provide the last four digits of the Social Security number, and provide their county of residence. This information is necessary to verify that a member is eligible by law to have their signature counted on a Nominating Petition for a candidate.
Additional Requirements for Board Members
The conduct of SERS Retirement Board members is subject to Ohio’s ethics laws and campaign finance disclosures. Board members are also held accountable for their fiduciary duties and all candidates should know the circumstances by which SERS Retirement Board members can be removed from office.[Hide]
The Retirement Board generally meets at least two full days every month, except in January and August, in Columbus, on the third Thursday and Friday (if necessary).
The Audit Committee holds meetings six times a year and the Compensation Committee holds meetings at least four times a year. Both committees may schedule additional meetings as needed.
SERS publishes two meeting recap documents: the Board Meeting Minutes and Board Highlights. The meeting minutes detail Board discussions, while the highlights are a high-level summary of select information. There is a one-month delay in posting the minutes because Board approval is required. The highlights are published the week following the Board meeting.[Read More...]
The term of the office for elected members is four years and begins on July 1.[Read More...]
The SERS Funding Policy describes the Retirement Board's funding philosophy and objectives. It also establishes the framework and specific objectives to monitor SERS' funded status and to promote effective communication between the Retirement Board and SERS Staff.[Read More...]
If you care about your SERS health care news, fund status, and financial updates, just subscribe to our email list.[Hide]
Links to discussion topics and highlights from previous Retirement Board meetings are available below:[Read More...]
BOARD ELECTION MATERIALS DUE DEC. 2, 2016
Two employee-member seats are up for election with the terms beginning July 1, 2017, and ending June 30, 2021. Any member of SERS, other than a disability benefit recipient, is eligible to run an employee-member seat.
Interested candidates should contact Tim Barbour by phone at 614-222-5901 or by email at email@example.com for an election packet. The Official Nominating Petition can be downloaded from the link below.
Candidates also must submit a completed Certification Form, which should be mailed to SERS Board of Trustees, 300 E. Broad St., Suite 100, Columbus, OH 43215-3746.