Get PA PSRS-708 2015-2024

Types of Retirement Systems in Pennsylvania If you are a state employee not in education, the SERS manages your pension. If you work in public education, PSERS manages your retirement savings.

Types of Retirement Systems in Pennsylvania If you are a state employee not in education, the SERS manages your pension. If you work in public education, PSERS manages your retirement savings.

Any premium payments made with pre-tax or non-taxed funds are not eligible for Premium Assistance. As a reimbursement, Premium Assistance cannot exceed the retiree's actual out-of-pocket premium expense and is not treated as taxable income.

Any premium payments made with pre-tax or non-taxed funds are not eligible for Premium Assistance. As a reimbursement, Premium Assistance cannot exceed the retiree's actual out-of-pocket premium expense and is not treated as taxable income.

A refund is your only option if you terminate from all school service and you are not vested. You are eligible only for a refund if you are not vested. For vesting requirements, refer to "Becoming Vested." To request the application to receive a refund of your account, please contact PSERS directly at 1.888. 773.7748.

A refund is your only option if you terminate from all school service and you are not vested. You are eligible only for a refund if you are not vested. For vesting requirements, refer to "Becoming Vested." To request the application to receive a refund of your account, please contact PSERS directly at 1.888. 773.7748.

Employee (Member) contributions range from 5.25% to 10.80% of payroll depending on the class of membership of the employee and when they joined PSERS. Employees are expected to contribute an average of 7.44% of their salary to help fund their retirement benefit in FY 2023/2024.

Employee (Member) contributions range from 5.25% to 10.80% of payroll depending on the class of membership of the employee and when they joined PSERS. Employees are expected to contribute an average of 7.44% of their salary to help fund their retirement benefit in FY 2023/2024.

The law mandates that all service and benefits payable to a PSERS member be forfeited if the member is found guilty of, or enters a plea of guilty or nolo contendere to, any crime identified in the Forfeiture Act, when the crime is committed through the member's position as a public employee or official or when the ...

The law mandates that all service and benefits payable to a PSERS member be forfeited if the member is found guilty of, or enters a plea of guilty or nolo contendere to, any crime identified in the Forfeiture Act, when the crime is committed through the member's position as a public employee or official or when the ...

Colleges - Employees working for a community college, Penn State University, or other state-owned University may generally select a retirement plan from among a few plans, including PSERS.

THE CONTEXT: After the $70 billion fund botched a crucial financial calculation in 2020, exaggerating investment returns, the FBI launched an investigation, the fund's board began its own, and 100,000 public school employees suddenly faced paying more into the system.

Multiple Service membership allows you to combine your PSERS service with SERS service (e.g., Department of Human Services, Department of Labor and Industry, Department of Transportation, etc.).

Colleges - Employees working for a community college, Penn State University, or other state-owned University may generally select a retirement plan from among a few plans, including PSERS.

You must complete an Application for Refund (PSRS-59) to receive a refund of your DB contributions and interest. If you are a Multiple Service member (have combined your SERS and PSERS accounts), you must apply separately to receive a refund from both SERS and PSERS.

In most cases, yes. The PSERS pension monthly income provides you with consistent lifetime income. This is a great benefit, but it will lose value over time due to inflation.

THE CONTEXT: After the $70 billion fund botched a crucial financial calculation in 2020, exaggerating investment returns, the FBI launched an investigation, the fund's board began its own, and 100,000 public school employees suddenly faced paying more into the system.

Multiple Service membership allows you to combine your PSERS service with SERS service (e.g., Department of Human Services, Department of Labor and Industry, Department of Transportation, etc.).

You must complete an Application for Refund (PSRS-59) to receive a refund of your DB contributions and interest. If you are a Multiple Service member (have combined your SERS and PSERS accounts), you must apply separately to receive a refund from both SERS and PSERS.

In most cases, yes. The PSERS pension monthly income provides you with consistent lifetime income. This is a great benefit, but it will lose value over time due to inflation.

You must complete an Application for Refund (PSRS-59) to receive a refund of your DB contributions and interest. If you are a Multiple Service member (have combined your SERS and PSERS accounts), you must apply separately to receive a refund from both SERS and PSERS.

In most cases, yes. The PSERS pension monthly income provides you with consistent lifetime income. This is a great benefit, but it will lose value over time due to inflation.