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Get Pa Sers Refund

COMMONWEALTH OF PENNSYLVANIA STATE EMPLOYEES ' RETIREMENT SYSTEM TELEPHONE: 1-800-633-5461 APPLICATION FOR REFUND OF MEMBER CONTRIBUTIONS AND INTEREST SS# INSTRUCTIONS: MEMBER SHOULD COMPLETE PART.

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If you haven't reached SERS normal retirement age, your benefit could be reduced for early retirement. The further you are from SERS normal retirement age, the greater the reduction. SERS normal retirement age is 65, 60, 55, or 50 depending on your class of service, which is listed on your annual member statements.

Generally, the annual benefit equals an employee's final average salary x years of service x class of service multiplier x 2%, adjusted for their age at retirement. The law does not provide automatic cost of living adjustments after retirement.

You can start withdrawing funds from your account at age 59½. If you withdraw before then, generally you'll face a 10% early withdrawal penalty. Many defined contribution plans also offer tax benefits.

Special Early Retirement A “55/25” retirement is reduced by one quarter of one percent per month for each month you are under normal retirement requirements. Class T-G members, have a special early retirement available if you are at least age 57 with 25 years of service.

Board Approves Maximum COLA for 2023 The 2023 COLA takes effect on the benefit anniversary of the recipient's effective date of retirement. Benefit recipients whose benefit effective date is on or after April 1, 2018, must wait until the fourth anniversary of their allowance or benefit before receiving a COLA.

What is a Reduced Pension? If you retire early—before age 65 or before reaching your 85 factor—your monthly pension amount will be reduced. The early retirement reduction amount is 3% per year multiplied by the lower number of: the number of years it would take you to reach age 65, or.

The form you use to request a withdrawal from your account will be determined by the type of withdrawal you want to make. In most cases, you can access and submit your form in your online deferred comp account or mobile app.

A worker can choose to retire as early as age 62, but doing so may result in a reduction of as much as 30 percent. Starting to receive benefits after normal retirement age may result in larger benefits.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232