As of the end of the fourth quarter of 2021, the Federal Reserve calculated that U.S. public pensions held $5.85 trillion in assets. This staggering collective value alone places a target on pension systems from a myriad of individuals and groups…
Beginning August 1, 2022, retirees and benefit recipients will start receiving the Retiree Focus newsletter and their payment stub two times a year. The Retiree Focus and payment stub, which were previously mailed quarterly, will now now be sent twice a…
On April 7, 2022, staff at the State Teachers Retirement System of Ohio (STRS) alerted SERS that someone sent a series of emails to STRS and SERS members in several school districts supporting specific individuals in an upcoming STRS Board election….
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…
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…
