" 2020 Annual T-Bill Interest Correction
During a recent audit, it was discovered that the 2020 T-Bill interest credited to your Sheltered Employee Retiree Medical Reimbursement Account (“SERMA”) and SERMA Health Care Assistance Account in 2021 was overstated. The T-bill interest rate that was applied in error was 3.38% and should have been .0338%. Your SERMA balance has been adjusted to reflect the correct T-bill interest amount. You will see the overstated amount entered as a negative interest amount in the Recent Activity section online. "