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Established in 1937, SERS is a statewide public pension fund that provides pension benefits and access to post-retirement health care for non-teaching public school employees.

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135th largest pension fund in the country, undefined
 including both public and private funds

61st largest public pension fund in the country

$12.3 billion in assets as of June 30, 2016

66.7% funded for pensions over a 28-year period,
as of June 30, 2016

200,820 active and retired members in FY2016:

  • 124,540 active, contributing members
  • 76,280 benefit recipients

Paid out $1.3 billion in benefits in FY2016:

  • $1.1 billion in pension, Med B, disability, and death benefits
  • $196 million in health care

Average new retiree in FY2016:

  • 63.4 years old
  • 21.4 years of service
  • $31,785 FAS
  • $1,224 monthly pension
In FY2016, 70% of active members and 73% of retired members and beneficiaries were women
91% of benefit recipients live in Ohio, as of FY2016
SERS members are the lowest paid of all five retirement systems. In 2016, based on all 124,540 active members, SERS’ average member was:
  • 48.4 years old
  • Had 9.5 years of service credit
  • Had an average salary of $23,545
In 2016, based on all 76,280 retirees, beneficiaries, disability recipients, and survivors, the average SERS benefit recipient was:
  • 73.8 years old
  • Receiving $14,206/year or $1,184/month, which was near the federal poverty level of $11,880/year or $990/month for a household of one

Eligibility changes that go into effect August 1, 2017 (members with at least 25 years of service credit on or before this date can retire under prior age and service rules):

  • To retire with unreduced benefits: a member must be 67 with 10 years of service credit or 57 with 30 years of service credit, up from 65 with five years of service credit or any age with 30 years of service credit, respectively.
  • To retire early with actuarially reduced benefits: a member must be 62 with 10 years of service credit or age 60 with 25 years of service credit, up from 60 with five years of service credit or 55 with 25 years of service credit.
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SERS provides retirement security for Ohio's non-teaching school employees, including administrative assistants, bus drivers, food service workers, librarians, maintenance personnel, teacher aides, and treasurers. For their service, they receive reliable pensions that are spent locally on groceries, health care, and other goods and services.

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Of the 74,372 individuals receiving pension benefits from SERS, 91% live in Ohio. In FY2015 alone, pension benefit payments exceeding $1 billion were distributed among Ohio’s 88 counties, positively impacting the state’s economy.

To see how much SERS returned to each county in the form of pension benefits, click the thumbnail below.

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SERS’ demographics are quite different from Ohio’s other public pension systems. To see a comparison, click here.

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