[Mail_treas] SERS Purchase Plan of Service Credit

[Debra Dinnen]

Good Morning!

In the SERS Employer Bulletin dated Dec 4, 2018, SERS stated that all SERS Service Credit Purchased as of 1/1/2019 will be post-tax (after tax).  All prior SERS Service Credit Purchased BEFORE 1/1/2019 will remain pre-tax.


SERS Buy Backs set up prior to 1/1/19 should continue to be pre-tax and set up as SERSBB deduction types . Those setup as of 1/1/19 and after should be after-tax and set up as REGULAR deductions.



STRS is still handling Buy Back of Service Credit as pre-tax even in 2019.  Districts should still code these as STRSBB deductions.



Let me know if you have any questions!



HAPPY NEW YEAR!

Deb Dinnen
937-767-1468 x3113
MVECA
330 E Enon Rd
Yellow Springs, OH 45387
[MVECA New logo]

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