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.


Summary of the Board’s Pension Fund Sustainability Discussions
Date Discussion Materials
July 17, 2019 Topics for Exploration Materials
September 20, 2019 Exploring Purpose and Structure Materials
October 17, 2019 Defining the SERS Mission
November 21, 2019 Data Informs Dialogue Materials
December 19, 2019 Preparing for 2020 Materials
February 19, 2020 Finalizing Plan Design Elements and Subgroups
May 22, 2020 Revisiting Topics for Exploration
June 26, 2020 Identifying Potential Risks Materials
SERS Board Query
Cavanaugh Macdonald Risk Assessment Presentation
August 20, 2020 Equity and Cash Flow Materials
September 17, 2020 Drilling Down on Data Materials
March 19, 2021 A History of Benefit Changes Materials
Benefit Changes Timeline
April 16, 2021 Examining a Year of Service and Benefit Inflation Materials
Member Education Highlights
May 21, 2021 Exploring Benefit Inflation Control Measures Materials
June 18, 2021 Assuring Fairness Materials
September 17, 2021 Striking the Right Balance Materials
October 21, 2021 Reviewing the Draft Language



Health Care Sustainability

SERS’ approach to health care focuses on program sustainability and access to quality care.


Summary of the Board’s Health Care Sustainability Discussions
Date Discussion Materials
July 17, 2019 How Did We Get Here and Where Are We Now?  Materials
September 19, 2019 Subsidies, Eligibility, and Expenses  Materials
November 18, 2022 Sustainability Efforts for Consideration  Materials
December 15, 2022 A Marketplace Demonstration  Materials
February 16, 2023 Non-Medicare Marketplace Counseling and Equalization of Premiums  Materials



Sustainability Links

SERS Update: Sustainability Edition – December 2019

SERS Through the Decades – A collection of handouts and timelines outlining SERS’ financial, demographic, and health care information for each decade


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