The Biden Administration requires private insurance plans to provide up to eight COVID-19 test kits for a $0 co-pay through the insurance pharmacy benefit. This federal requirement ONLY applies to SERS’ non-Medicare plans. Aetna Choice POS II and Aetna Traditional Choice…
It is always important to make sure you review your contribution reporting for accuracy. It has been noted that when some districts upgrade their payroll reporting software, some contribution reports are coming over without days or hours, or with incorrect earnings…
The Annual Comprehensive Financial Report (ACFR) contains detailed information about SERS’ financial operations, which include major initiatives and highlights, investments, and funding for the period from July 1, 2020 to June 30, 2021. The Summary Annual Financial Report (SAFR) is an overview of the…
Medicare has announced the standard monthly premium for Medicare Part B enrollees will be $170.10 in 2022, an increase of $21.60 from $148.50 in 2021. According to the Centers for Medicare and Medicaid Services, the increase is based in part on…
During the month of October, we celebrate National Retirement Security Month, a national effort that focuses on financial wellness and achieving retirement savings goals. This month, and every month, SERS encourages members to invest in themselves and save for retirement. Keep…
You may have read in the news that the U.S. could begin seeing slowdowns in mail delivery as early as today as the U.S. Postal Service implements its new service standards. While SERS mails paper checks one to two business days…
At its September meeting, the Board unanimously voted to approve a 2.5% cost-of-living adjustment (COLA) increase for eligible retirees and beneficiaries in 2022. By statute, SERS’ COLA is based on the year-to-year change in the Consumer Price Index (June 2020 to…
Medicare is a federal health insurance program that does not cover 100% of health care costs, which is why many enrollees choose to purchase a Medicare Advantage or Medicare Supplemental plan to help lower out-of-pocket costs. To be eligible for an…
On June 29, four of Ohio’s retirement systems, including SERS, submitted a letter to the House Ways and Means Subcommittee on Social Security urging Chair John Larson and Ranking Member Tom Reed to find an equitable solution to the Windfall Elimination…
Join us today in celebrating the School Lunch Heroes of our public schools! School nutrition staff worked tirelessly to take care of their students both inside and outside the cafeteria during the pandemic, ensuring students in need did not miss a…
