No prior membership in any DRS retirement plan - SERS

Employee Hired Into a SERS Position

The employee has the option to become a member of SERS Plan 2 or Plan 3.
A new member has 90 calendar days to make an irrevocable Plan Choice, or they are defaulted by the employer into Plan 3, rate option A, investment program SELF.

An employee employed in a SERS eligible position should initially be reported in SERS Plan 2, unless the employer receives the Member Information Form (MIF) from an employee choosing Plan 3 before the first payroll cutoff. If reporting for the first time, be sure to include the begin date, even if it is the same as the Plan Choice Date.

Note: SERS with prior PERS Plan 2 membership must be reported in SERS Plan 2 if their begin date is prior to August 1, 2009. These members have no plan choice option, but are eligible for a January Transfer Option.