(5/16/17) - As Chair of the SERS Board of Trustees and an active member of OAPSE, I want to let you know the importance of the proposed Cost-of-Living Adjustment (COLA) changes to SERS.
Protecting Pension Benefits Is Our Priority
The SERS Board is sworn to protect the pension benefits of active and retired members.
The changes fairly ask active members and retirees to share in the pension funding solution, rather than saddling active members with the entire burden.
Ignoring the Problem Now Makes It Worse Later
SERS must address its financial challenges now. The pension fund may not withstand another serious financial crisis. The health care fund has seven years of funding, and cannot survive without a healthy pension fund. Despite this urgency, members are being asked to oppose these changes.
A FAIR Solution
We know these changes are difficult. Several of our advocacy group partners have provided letters of support or understanding that the COLA changes are a FAIR and NECESSARY solution.
We Need to Hear from You
If you agree that it is better to make changes now rather than waiting for the funding problem to get worse, let the SERS Board
hear your voice.
Click below to tell the SERS Board:
SERS Health Care Open Enrollment Moves to October
The annual Health Care Open Enrollment period will have a later start date this year. It will run October 1, 2017 through November 15, 2017, with open enrollment packets being mailed in late September.
In the packet, SERS health care participants will find their premiums for 2018, as well as any benefit changes.
The new start date will overlap with the Health Insurance Marketplace open enrollment period, which runs November 1, 2017 to December 15, 2017.
SERS Wraparound Plan enrollees should watch the mail for their 2018 premium and benefit changes from the Marketplace.
The SERS Wraparound Plan is only available to non-Medicare participants who have not waived SERS health care coverage.
The schedule lists the upcoming open enrollment meetings and webinars.
Please make sure to attend a local meeting or register for a webinar to learn about any 2018 plan changes or information.
2016 SERO ANNUAL MEETING ANNOUNCEMENT. SERO announces our 2016 Annual Meeting. It will be held at the Villa Milano, 1630 Schrock Road, Columbus, Ohio 43229 on Wednesday May 11, 2016. Registration begins at 8:30 am and the meeting normally adjourns by 2 to 3 p.m.. SERO Chapter leaders, School Employees and Retirees are encouraged to attend this meeting. Especially if you have not attended a meeting before, this is one you will want to attend. Attendees get to see close up what SERO is about and what we do to help our retirees. Pension and Health care issues under current discussion by the SERS Executive Board will be a focus for this meeting. SERS Administration and staff will be speaking as well as holding a question and answer session so you may understand how any potential changes may affect you. Representatives from many resources including: medical vendors, AMBA, Ameriprise, BBB, Social Security, Ohio Dept of Insurance, will be available for questions and with literature for attendees. Registration forms are available in our SERO April Newsletter and through the SERO office. Your $12.00 fee per person, includes breakfast/lunch with all meeting materials. SERO members participate in door prizes and gift raffles during the meeting. Registrations received by April 25, 2016 are $12.00 per person and registrations received by May 2, 2016 will be $15.00 per person. Register early for the best rate!! For more details, contact SERO at 614-431-0387.
Please review the latest “Call to Action” from School Employees Retirement System regarding a proposed 52% increase in Medicare Part B premiums for a small segment of the participants. About 70% of those Medicare Part B participants who have their Part B premium withheld from their Social Security benefit check are not subject to this increase due to a “hold harmless provision” however, 30% of Medicare Part B recipients who do not get a Social Security check will have to cover the increase for the entire group. Premiums may jump from $104.90 to $159.30 for this one small group. To submit a letter to your legislators, please use the link below to submit a letter to your legislators. Calls and emails are recommended to get your thoughts to legislators quickly. To make a call to your Congressional legislator, please review our Congressional Representative listing.
We need your help. Due to a “hold harmless” provision in the Social Security law, retired Ohio public employees may be shocked to see a 52% increase in their 2016 Medicare Part B premiums because they did not pay into Social Security. For many SERS retirees, this will result in a Medicare Part B monthly premium of $159.30, an increase of $54 per month. We urge you to contact your member of Congress to prevent this dramatic increase and avoid a financial hardship.
School Employees Retirement System of Ohio
300 E. Broad St., Suite 100
Columbus, Ohio 43215
“PROTECTING MEDICARE BENEFICIARIES ACT OF 2015” Please review letter of thanks from SERS Executive DIrector, Lisa Morris to Senator Sherrod Brown on his efforts to assist retirees who would be affected by this increase. Click on link to see the Senate Bill Protecting Medicare Beneficiaries Act of 2015