At the conclusion of each fiscal year, SERS issues an Employer Statement which recaps the fiscal year’s activity. This includes contribution and payment detail for the fiscal year.
When your Employer Statement is available, you will receive notice from Employer Services. Details of the transactions shown on your statement may be found in the Employer Statement application on eSERS.
- Any Amount Due to SERS on the statement, regardless of the amount, is due to SERS by the date specified in the communications from Employer Services.
- If the Amount Due to SERS is reflected as a credit balance at the end of the statement, it is a refund due to the district. Example: Amount Due to SERS ($xxx.xx). If your refund amount is $25.00 or less, it will reflect as a Credit Memo for you to use against any unpaid liability in your Payment Remittance application or you can request that amount be refunded back to your district.
- If there is an amount owed on the Employee Activity portion of the statement, that amount is due to SERS by the due date specified by Employer Services.
- Any refund due to the district on the Employer Activity portion of the statement will not be sent to the district if there is an Employee Activity amount owed to SERS.
As of Fiscal Year 2018, SERS will not be carrying any balances forward.
Details of the transactions shown on your statement may be found in the Employer Statement application on eSERS. For instructions on how to read your statement and how to make payment, please refer to the How To: Employer Statement.
Foundation-participating Districts Pay Directly
If you are a Foundation-participating district and you have an annual statement balance due to SERS, this balance needs to be paid directly.
It is important for Foundation-participating districts to provide a Salary Estimate that is as close as possible to the actual salary. If your district owes SERS, or if you are receiving a large refund each year, check your Salary Estimate; it may be incorrect.
You may adjust your Salary Estimate at any time.