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   Retiree Insurance Premiums Update   

Retiree and Survivor Insurance Premium Update



August 29, 2014 Update: The Sangamon County Circuit Court has directed SERS to discontinue withholding, as soon as possible, for the retiree and survivor health insurance premiums that have been in effect since July 2013. Due to the timing and computer system limitations, we cannot eliminate the entire premium immediately. For the September 2014 benefit checks the premiums withheld will be reduced to 1% of annuity for retirees and survivors covered by Medicare and 2% of annuity for retirees and survivors not covered by Medicare. SERS will eliminate the entire amount of these disputed insurance premiums for the October 2014 benefit checks. The refunding of premiums paid since July 2013 is unresolved and will be decided by the Courts in November 2014.

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