This form is a sample letter in Word format covering the subject matter of the title of the form.
Time Extension For Higher Pension In Allegheny
Category:
State:
Multi-State
County:
Allegheny
Control #:
US-0018LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
SERS provides retirement benefits for state employees. The system provides a defined benefit (DB) pension, a retirement plan that typically offers a modest but stable monthly retirement income that lasts the remainder of a retiree's life.
The maximum PA for 2024 is $31,890. Note: If you need to calculate or recalculate a prior year PA, please remember to check the maximum allowable PA for that year before remitting the PA to CRA and OPB.
State and local governments sponsored more than 4,000 pension plans in 2022. Over 34 million members participate in these plans, including active public employees, former public employees who have earned benefits that they are not yet collecting, and current retirees.
Employees may begin collecting full benefits at age 65 if they have completed 10 years of service. Those with 35 years of completed service may retire as soon as the sum of their age and years of service total 92. Employees are required to contribute 6.25 percent of their salaries each year to the plan.
Post-normal Retirement (after age 65): If you retire after age 65, your pension credits continue to accrue, increasing each year until age 70, resulting in an increased benefit.
The Retirement Office is responsible for managing investments and retirement benefits for Allegheny County Employees' Retirement System (ACERS) Plan members ing to Pennsylvania Law. Retirement Office responsibilities include: Providing pension and other retirement benefits to all vested Plan members.
Employees may begin collecting full benefits at age 65 if they have completed 10 years of service. Those with 35 years of completed service may retire as soon as the sum of their age and years of service total 92. Employees are required to contribute 6.25 percent of their salaries each year to the plan.
