Thank a School Custodian Today
Thank you to all the hard-working and dedicated custodial employees serving Ohio’s public schools! We appreciate all you do to keep the schools clean and safe for your students.
Category: Uncategorized
Board Approves Maximum COLA for 2025
At its September meeting, the Board unanimously voted to approve a 2.5% cost-of-living adjustment (COLA) increase for eligible benefit recipients in 2025. By statute, SERS’ COLA is based on the year-to-year change in the Consumer Price Index (June 2023 to June…
Employee and Retiree Member Board Seats Up for Election
Two employee-member seats and one retiree-member seat are up for election with the terms beginning July 1, 2025, and ending June 30, 2029. Any member of SERS, other than a disability benefit recipient, is eligible to run for an employee-member seat,…
America Saves Week: Saving for What Matters Most
It’s important to do an occasional financial check-in to get a clear idea of where your finances are, where you want them to be, and what changes you can make to get them there. Enter: America Saves Week. America Saves…
Watch Out for These Scams This Holiday Season
The holiday season is in full swing, and scammers are seizing the opportunity to target unsuspecting consumers. While you are finishing up your shopping and spending time with loved ones, watch out for the following scams to avoid entering the new…
Board Finalizes CBBC, Sets Factor
After more than two years of analysis and discussion, at the October 2023 meeting, the SERS Board approved the ‘factor’ that will be used under the Contribution Based Benefit Cap (CBBC) analysis for retirements with an effective date on or after…
Governor DeWine Signs SERS’ CBBC Into Law
On July 4, 2023, Governor Mike DeWine signed HB33 (the FY2024-FY2025 state budget bill) into law. Contained in that bill are the contents of HB 146, which establishes a SERS contribution based benefit cap (CBBC). HB 146 had passed the House…
SERS Supports H.B. 146 Legislation
With the backing of SERS’ Board of Trustees, H.B. 146, introduced by Rep. Adam Bird (R-New Richmond) and co-sponsored by Rep. Mary Lightbody (D-Westerville), would implement a Contribution Based Benefit Cap (CBBC) for SERS. It was unanimously passed out of the…
SERS Continues to Advocate for WEP Reform or Repeal
Earlier this week, SERS, alongside the Ohio Public Employees Retirement System and the State Teachers Retirement System of Ohio, voiced its support of House Concurrent Resolution (HCR) 6. HCR 6, introduced by Representatives Angela King (R-Celina) and Phil Plummer (R-Dayton), urges…
SERS Benefits are SAFE – Exposure to Failed Banks is Small
While the news of the Silicon Valley Bank (SVB) and Signature Bank failures is newsworthy, please know that SERS’ exposure to those banks through investments was small. In total, SERS has experienced a decline in assets of $1,566,393; -$929,410 in SVB…
