MI-SERA Articles
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Retirement Matters – March 2024
By Joanne Bump Retirement Crisis — Most State of Michigan, Defined Benefit (DB) state employee retirees depend on financial support from their State pension, Social Security, and Medicare. However,…
4 min read
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Capitol News – March 2024
By Mary Pollock SCRAP THE CAP UPDATE Michigan SERA’s effort to Scrap the $300 Cap on defined benefit (DB) State employee retirees’ annual 3 percent cost-of-living adjustment (COLA) is advancing…
4 min read
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Retirement Matters – February 2024
By Joanne Bump Paid-Up Pensions — The significant news at this December’s State of Michigan Investment Board (SMIB) meeting was that, in 2023, Michigan paid off the pensions for…
4 min read
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Capitol News – February 2024
By Mary Pollock The Governor gave her State of the State Address on January 24 to a joint session of the Legislature. In the Governor’s Proposed 2023-2025 Budget…
4 min read
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Chair Talk – January 2024
By Bob Kopasz Welcome to 2024! Hope you all had happy holidays. This Chair Talk will be brief as the legislature is not in session yet. There seems…
4 min read
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Retirement Matters – January 2024
By Joanne Bump Long-Term Care (LTC) Is Costly — This discussion is continued from the December SERA-Nade. Many retirees equivocate on whether the inflation-adjusted increases in LTC insurance premiums…
4 min read