Letters and Press Releases
ANNUAL UPDATE ON MICHIGAN RETIREMENT SYSTEMS AND INVESTMENTS
The “INVESTMENT REPORT” about the State Employees Retirement System (which funds our defined benefit pensions) and the VOYA Defined Contribution Strategies (which funds defined contribution retiree income) was presented by Robert Brackenbury, Deputy Chief Investment Officer of the Bureau of Investments, Michigan Department of Treasury at the February 5, 2025, at the Lansing SERA General Membership meeting. The document that he referenced in his talk can be found here.
HELP ELIMINATE THE $300 CAP ON OUR 3% ANNUAL COLA!
In an effort to gain attention to the 36-year freeze on our annual cost-of-living pension adjustment (COLA), MI-SERA is urging you to download this “Petition to the Michigan Legislature” and gather the names and contact information of other retirees and sympathetic friends. Then send the petition to your State Senator and State Representative along with your own contact information and ask for a response.
The Petition says:
We the undersigned urge the Michigan Legislature to amend the State Employees’ Retirement Act to eliminate the $300 cap on our 3% annual cost of living adjustment established in 1987 with no index to inflation. Inflation has been 167% since 1987 affecting over 85% of us! Reintroduce SB 775 of 2021 and pass it!
Lansing member R Cole Bouck is leading a SERA letter-sending campaign for state retirees (current and future) to contact their legislators and the Governor. We say “sending” rather than “writing” because it has been made as easy as possible for you to participate. You will receive pre-written letters you only need to personalize and send.
Learn more below: