At its meeting on March 20, 2019, the SCERS Board directed Staff to distribute a discussion draft of the Post-Retirement Employment Policy to stakeholders for comment and to bring the policy back to the Board for final approval at a future meeting.
The SCERS Board of Retirement approved cost-of-living adjustments (COLA) at its meeting on February 20, 2019.
All Tier 1 members (both Miscellaneous and Safety) will receive a 4% COLA. All Miscellaneous Tier 3, 4, and 5 members and Safety Tier 2, 3, and 4 members will receive a 2% COLA. The COLA for 2019 will be reflected in direct deposits and checks issued on April 30, 2019.
The latest edition of the SCERS newsletter has been published. The Winter 2019 newsletter includes an investment update, cost-of-living adjustment information, important tax information, benefit FAQs, and details on upcoming events.
The newsletter has been posted on the SCERS website in the Newsletters section and has been mailed out to all of our active and retired members.