The SFERS Pension Plan is a tax-qualified defined benefit plan funded through employee and employer contributions and investment earnings. SFERS benefits are intended to provide post-employment income to the member during his/her lifetime and to the member’s qualified survivors.
The SFERS Pension Plan provides three main categories of benefits:
retirement (service or disability) benefits;
separation (refund or vesting) benefits; and
death (pre- and post-retirement) benefits.
