Your district is unique and we would like to prepare a customized SERP proposal based on your data and specific needs. In order to allow you to see how SERP works in general, we have constructed the following sample plan design:

Acceptance of the Supplemental Employee Retirement Plan (SERP) is contingent on the district’s verification of eligibility.

Annuity benefits are provided by an insurance company and are estimates only. Estimated benefits are subject to change prior to actual purchase of annuity benefits. Estimated benefits may change due to changes in the data supplied by the district, changes in current interest rates, mortality assumptions, commission percentages and state premium tax.

The district may be subject to penalty fees for late premium payments and benefits may cease if all installment premiums are not paid in accordance with the installment premium schedule.

* Eligible for tax-deferred IRA Rollover. Subject to a mandatory 20% Federal tax withholding if not rolled over.

Keenan & Associates is NOT responsible for changes in interest rates that may have occurred from the date of this publication to the present. Changes in interest rates may affect the outcome of the illustrations shown.