Minimum Compensation Amount


Surcharge Minimum Compensation Amounts

FY2021

$23,000

FY2020

$23,000

FY2019

$21,600

FY2018

$23,700

FY2017

$23,500

FY2016

$23,000

FY2015

$20,450

FY2014

$20,250

FY2013

$20,525

FY2012

$35,800

This surcharge amount is exclusively used to fund health care benefits.

Employer Contribution Allocation


Employer Contribution Allocation (% of Payroll)

FY2021

FY2020

FY2019

FY2018

FY2017

Pension

13.20

13.15

12.61

12.59

13.20

Medicare B

0.76

0.81

0.83

0.85

0.75

Death

0.04

0.04

0.06

0.06

0.05

Health Care

0.00

0.00

0.50

0.50

0.00

TOTAL

14.00

14.00

14.00

14.00

14.00

Annual Financial Report

The Annual Financial Report contains detailed information about SERS’ financial operations, including our stewardship of the funds entrusted to us, and our compliance with all of the legal requirements placed on us by the state. The Annual Financial Report details major initiatives and highlights, investments, and funding for the period from July 1 to June 30.


 

Summary Annual Financial Report

The Summary Annual Financial Report (SAFR) is an overview of the financial health, investment performance, demographics, and key accomplishments of the last fiscal year. All of the financial information summarized in this publication can be found in more detail in our Annual Financial Report.


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