In some instances, such as a hospital or nursing home stay, a retiree may not be able to handle their own financial matters. At times like these, many people find it helpful to have a trusted friend or relative act on their behalf and handle necessary financial matters. If you, as a retiree, want someone other than yourself to handle your SERS retirement, you must provide SERS with either a General or a Limited Power of Attorney form.
This is necessary because, in addition to the retiree, SERS’ pension payments may only be cashed by authorized individuals. In order for another person to have authority to take care of business related to a SERS pension, the retiree must grant Power of Attorney to someone, or a probate court must appoint a guardian for the retiree.
A Limited Power of Attorney form is available upon request from SERS. The filing of a Limited Power of Attorney form also will allow the designated person to change the address of the location where the payment is being sent.