Your pay date for December is December 1, 2020. Your payment is deposited into your bank account on the first day of each month, unless the first day falls on a weekend or holiday; then, it is deposited on the previous…
Medicare has announced the standard monthly premium for Medicare Part B enrollees will be $148.50 in 2021, an increase of $3.90 from $144.60 in 2020.
Financial security should be everyone’s goal in retirement. Your pension provides a good base, however it should not be your only source of income. Investing is a good place to start. While building your portfolio can be intimidating, Ohio Deferred Compensation…
At its September meeting, the Board unanimously voted to approve a 0.5% cost-of-living adjustment (COLA) increase for eligible retirees and beneficiaries in 2021. Previously, COLAs were suspended from 2018 through 2020. As a result of HB 49, passed in 2017, the…
If you follow Ohio politics closely, you’ve probably seen Ohio senators Sherrod Brown and Rob Portman talking about the need to financially stabilize private multiemployer pension funds. Both Ohio senators serve on the Join Select Committee on Solvency of Multiemployer Pension…
Recently we presented an Employer Education webinar on SERS-covered membership and compensation. During this webinar, members of the Employer Services Outreach Team discussed SERS-covered membership into multiple sections, including SERS vs. STRS membership, determinations, and SERS-covered compensation. If you are new…
SERS’ health care plan participants will receive their open enrollment packets at the end of September. Inside will be health care premiums for 2021 as well as the 2021 Open Enrollment Guide. During open enrollment, plan participants have the opportunity to…
Have you received your Economic Impact Payment yet? If not, you may be considered a “non-filer.” You are a non-filer if: Your income is less than $12,200 You’re married filing jointly and together your income is less than $24,400 You have…
Benefit recipients who are enrolled in the Delta Dental Plan through SERS will receive a premium reduction during the months of September, October, November, and December this year. This temporary premium reduction is due to reduced dental visits during the COVID-19…
Be on the lookout soon for your annual statement. SERS members will receive a paper statement in the mail during the first week of September. Electronic statements will be available on Account Login after September 1. If you have not…
