Senate Bill 42 does not affect Tier 1 SERS members or retirees.
SB 42 does not change any of the benefits of Tier 1 SERS members and retirees. SB 42 creates an optional Tier 3 hybrid plan for future SERS members who are not covered by Social Security, and also allows Tier 2 members who are not covered by Social Security to choose the Tier 3 hybrid plan.
4/27/17 At the April 25, 2017, meeting of the SERS Board of Trustees, Shaun Dawson was appointed by the Board to complete the term of recently retired Robert Fanti. Trustee Dawson’s term expires July 14, 2021.