Medicare enrollees can now get free over-the-counter COVID-19 tests at eligible pharmacies and other participating locations. The Centers for Medicare and Medicaid Services (CMS) announced on April 4, 2022, that for the duration of the COVID-19 public health emergency, Medicare Part…
SERS’ Board and staff recognize the gravity of the unprovoked Russian incursion into sovereign Ukraine and its effect on the world. We admire the resolve of the Ukrainian people and support their continuing efforts to defend their peaceful nation. SERS supports…
SERS’ Board and staff recognize the gravity of the unprovoked Russian incursion into sovereign Ukraine and its effect on the world. We admire the resolve of the Ukrainian people and support their continuing efforts to defend their peaceful nation. Ultimately, responsibly…
The Biden Administration requires private insurance plans to provide up to eight COVID-19 test kits for a $0 co-pay through the insurance pharmacy benefit. This federal requirement ONLY applies to SERS’ non-Medicare plans. Aetna Choice POS II and Aetna Traditional Choice…
It is always important to make sure you review your contribution reporting for accuracy. It has been noted that when some districts upgrade their payroll reporting software, some contribution reports are coming over without days or hours, or with incorrect earnings…
The Annual Comprehensive Financial Report (ACFR) contains detailed information about SERS’ financial operations, which include major initiatives and highlights, investments, and funding for the period from July 1, 2020 to June 30, 2021. The Summary Annual Financial Report (SAFR) is an overview of the…
Medicare has announced the standard monthly premium for Medicare Part B enrollees will be $170.10 in 2022, an increase of $21.60 from $148.50 in 2021. According to the Centers for Medicare and Medicaid Services, the increase is based in part on…
During the month of October, we celebrate National Retirement Security Month, a national effort that focuses on financial wellness and achieving retirement savings goals. This month, and every month, SERS encourages members to invest in themselves and save for retirement. Keep…
You may have read in the news that the U.S. could begin seeing slowdowns in mail delivery as early as today as the U.S. Postal Service implements its new service standards. While SERS mails paper checks one to two business days…
At its September meeting, the Board unanimously voted to approve a 2.5% cost-of-living adjustment (COLA) increase for eligible retirees and beneficiaries in 2022. By statute, SERS’ COLA is based on the year-to-year change in the Consumer Price Index (June 2020 to…
