SGLI Interest Rate
During the Annual Board meetings on April 21, 2023, the Boards of Trustees for the Employees’ Retirement System (ERS) approved a SGLI interest rate of 5.00% effective 7/1/2023.
This rate is used in the creation of the factors to calculate the SGLI Maximum Plan Benefit amount using the formula provided in 23.5 SGLI Monthly Benefit Formula section of the ERS Handbook. The current factors for the maximum benefit are provided in 23.9 Maximum Benefit Option Factors section of the ERS Handbook.
For more information, please visit the SGLI main page.