Covered Compensation Compensation and Contributions Employee and employer contributions are required to be made to SERS based on an employee’s SERS compensation. The employee contribution rate is 10%. The employer […]
SERS’ new definition of Compensation went into effect on July 1, 2025. The Compensation Fact Sheet and the Compensation Chart, What’s New and What’s Not Changing, detail the new rule […]
New Definition of Compensation Effective July 1, 2025 At the November 2024 Board Meeting, the Board adopted a new definition of compensation, which will be effective July 1, 2025. The […]
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 […]
Careers at SERS Serving Those Who Serve Our Schools Our Culture No matter your role at SERS, you play an important part in the lives of our members, retirees, and […]
Myths and Misconceptions As of the end of the fourth quarter of 2021, the Federal Reserve calculated that U.S. public pensions held $5.85 trillion in assets. This staggering collective value […]
FAQs Answers to Frequently Asked Questions This page answers common questions from employers about membership, enrollment, compensation, contribution reporting, payments, adjustments, pick-up plans, reemployed retirees, surcharge, and penalties. Membership Who […]
Forms and Publications Access SERS Forms, Guides, and Publications The publications below are available in Portable Document Format (PDF). You may need to download a free copy of the Adobe Acrobat® […]
GASB and Audit Resources Audit Resources To fulfill their payment and reporting responsibilities, employers need several audit resources, including minimum compensation amounts, employer contribution allocations, the Annual Financial Report, and […]
Annual Processes Annual Employer Processes Overview Each fiscal year, employers receive notifications regarding the annual surcharge, Employer Statements, and salary estimates for the Foundation Program participants. Exact due dates are posted […]
