Sustainability
Pension Fund Sustainability
SERS’ pension fund is designed to be sustainable and adaptive to meet the needs of its members, employers, and retirees.
To maintain sustainability and adaptability, the SERS Board of Trustees began regular discussions on plan design to ensure the System is in the position to withstand changes in member demographics, investment experience, and financial pressures.
| Date | Discussion |
|---|---|
| July 17, 2019 | Topics for Exploration |
| September 20, 2019 | Exploring Purpose and Structure |
| October 17, 2019 | Defining the SERS Mission |
| November 21, 2019 | Data Informs Dialogue |
| December 19, 2019 | Preparing for 2020 |
| February 19, 2020 | Finalizing Plan Design Elements and Subgroups |
| May 22, 2020 | Revisiting Topics for Exploration |
| June 26, 2020 | Identifying Potential Risks |
| August 20, 2020 | Equity and Cash Flow |
| September 17, 2020 | Drilling Down on Data |
| March 19, 2021 | A History of Benefit Changes |
| April 16, 2021 | Examining a Year of Service and Benefit Inflation |
| May 21, 2021 | Exploring Benefit Inflation Control Measures |
| June 18, 2021 | Assuring Fairness |
| September 17, 2021 | Striking the Right Balance |
| October 21, 2021 | Reviewing the Draft Language |
Health Care Sustainability
SERS’ approach to health care focuses on program sustainability and access to quality care.
| Date | Discussion |
|---|---|
| July 17, 2019 | How Did We Get Here and Where Are We Now? |
| September 19, 2019 | Subsidies, Eligibility, and Expenses |
Sustainability Links
November 2022 Health Care Sustainability Materials
March 2022 Sustainability Materials
Alternate Benefit Formula Scenarios and Medicare Part B History – February 2022
CBBC Factor Analysis – September 2021
Benefit Inflation Mitigation Strategy Scenarios – June 2021
Benefit Inflation Control Scenarios – May 2021
Member Education Highlights – April 2021
Benefit Changes Timeline – March 2021
September 2020 Board Query Packet
Cavanaugh Macdonald Risk Assessment Presentation – June 2020
Projected Cash Flows Based on Three Population Growth Scenarios – June 2020
SERS Board Query: Topics Identified During May Session – June 2020
SERS Update: Sustainability Edition – December 2019
SERS Board Query: Pension Sustainability Data – December 2019
SERS Board Query: Member and Retiree Demographics – November 2019
Proposed Pension Sustainability Initiative Process and Outline – September 2019
Health Care Sustainability Presentation – September 2019
Board Retreat Agenda and Topics for Exploration (Prepared by Michael Perri and Michele Berry of Lincoln Crow Strategies) – July 2019
Health Care Sustainability Presentation – July 2019
SERS Through the Decades – A collection of handouts and timelines outlining SERS’ financial, demographic, and health care information for each decade
