Created for Educators by Educators

Aug 5, 2024

Kevin and Danny talk about retirement planning and all you need to learn about it! 

A consortium is a group of K-12 school districts that have come together to create a model focused on improving retirement outcomes for K-12 employees.

The consortium provides a total employee experience that emphasizes financial education, low-cost transparent fees and diligently evaluated and monitored investment options.

Allows small to medium-size school boards to achieve economies of scale that normally are not available to them.

Cooperative Purchasing Agency (CPA) is the sponsoring and administrator
for SERC. 

CPA and SERC operate under the fiscal control of Pioneer RESA.

 CPA was founded in 1971 and is a nonprofit organization dedicated to serving school systems only and is owned and managed by the member school systems. 

SERC was created for educators by educators to provide a simplified solution for 403(b), 457(b) and 401(a) programs for K-12 employees

SERC believes that educating participants about retirement needs and investment choices and being fully transparent about fees provides the best opportunity to help grow retirement savings.  

Improved plan governance

Plan simplification and design flexibility 

Professional plan management Professional oversight of investment options

Improved transparency  Potentially lower fees and expenses

As a member, you have a voice in the governance of SERC

Saves employers time and money while ensuring compliance with state and federal regulations