The SFERS Pension Plan is a tax-qualified defined benefit plan funded through employee and employer contributions and investment earnings. SFERS benefits provide retired members with post-employment income during his/her lifetime and to his/her qualified survivor(s).
Retiree benefits are based on Age at Retirement, Years of Service Credit and Final Compensation as of the member’s effective retirement date. Retirement benefits are paid as a monthly allowance on the last day of each month.
