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SERS workshop walks tier 2 employees through benefits, calculators, service purchases and disability rules
Summary
The State Employees Retirement System held a workshop detailing member website tools, tier 2 eligibility and contribution rules, COLA mechanics, optional service purchases and disability/death-benefit procedures, and advised members to schedule one-on-one counseling for account-specific questions.
A State Employees Retirement System representative led a workshop for tier 2 state employees explaining how to use the agency’s online member services and outlining key features of tier 2 retirement benefits.
The presenter said the session was "designed for employees who are new to state employment or who are not retirement age but want to learn about SCRS SCRS benefits," and walked attendees through the SERS website, member sign-in (iLogin), benefit-estimate tools, calculators and forms. The presentation emphasized that members should use a personal email to create an iLogin account and that the site provides downloadable pension estimates.
Why it matters: tier 2 rules determine when a member vests and how benefits are calculated. The presenter summarized the basic thresholds for tier 2 members: 10 years of service credit to vest; age 67 with 10 years generally yields unreduced retirement under the regular formula; age 62 with 10 years can qualify for a reduced retirement. "Annual pension increases are half of the…
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