Carefully Consider Unsolicited Offers to Help You Understand Your State Benefits!
SERS members have reported an increase in the number of unsolicited offers from businesses to help them understand how their state benefits, from retirement plans to life insurance, fit into their retirement planning.
Please be wary of financial planners who present themselves as experts about your SERS retirement benefits. In many cases, their goal is to sell you an investment product.
Unless an e-mail comes from SERS or Empower, the third-party administrator of the Defined Contribution Plan and the Deferred Compensation Plan, be very wary.
If you are considering an investment product, be sure to compare the fees for that product to those offered through the SERS Deferred Compensation Plan. In most cases, the deferred comp fees will be lower because they have been professionally negotiated for a large employer-based investment pool.
Retirement Plan Questions?
If you have questions about your SERS retirement plans, contact a plan specialist:
Defined Benefit Plan (pension) – email@example.com or 1.800.633.5461(personally selected investments)
Defined Contribution Plan - Participant_services@empower.com or 1-866-737-7457
Deferred Compensation Plan (voluntary, supplemental plan) - Participant_services@empower.com or 1-866-737-7457