New Members
Welcome to SFERS! Retirement is a major milestone and it is never too early to start planning for that day.
As a member in SFERS, you have access to two benefit programs:
- A Pension Plan (defined benefit plan): provides service retirement benefits calculated using a formula based on age at retirement, years of service and final compensation.
- A 457(b) Deferred Compensation Plan (defined contribution plan): allows participants to acquire additional tax deferred retirement savings through voluntary contributions designed to supplement your pension benefits
Start your path to a securer tomorrow with these five (5) steps:
1) Finalize New Member Enrollment
Discover the benefits of SFERS membership
- You will receive an email from SFERS inviting you to finalize your enrollment in the plan
- Log into the mySFERS secure member portal to complete and submit new member enrollment forms according to the instructions provided
2) Explore MySFERS (Secure Member Portal)
Offering 24/7 access to…
- Individual Account Information
- Benefits Estimate Calculators
- Contribution Balance
- Online Service Purchase Application
- Termination Options
- SFERS Forms and Statements
- Online Appointment Scheduler
3) Attend the SFERS “New Member” and “Path to Retirement” Webinars
Designed to help members who are early in their career with the City understand…
- What the pension is and how it works
- Your SFERS Benefits
- Service Purchase Opportunities
- Termination Options (vesting, reciprocity, refunds)
- The Deferred Compensation Plan (SFDCP)
To register, find the schedule of dates and times here
4) Enroll in the 457(b) Deferred Compensation Plan (SFDCP)
Compliment your pension benefits with voluntary contributions
- Gain additional tax deferred retirement savings
- Learn more about the SFDCP
5) Visit the SFERS Resource Center
Tools and materials to help you navigate the retirement process from enrollment to retirement.
To learn more about the benefits of SFERS, select the link for your membership group below