What is PSERS?
The Public School Employees’ Retirement System (PSERS) is an agency of the Commonwealth of Pennsylvania that administers the pension plan for Pennsylvania’s public school employees. Under the Internal Revenue Service (IRS) Code, the PSERS pension plan is classified as a 401(a), governmental defined benefit plan. A defined benefit plan means that your retirement benefit is determined by a formula which includes a retirement factor, years of credited service, and the final average salary.
New members of PSERS receive information from us explaining that an account was established for you and will list and ask you to verify your personal information, contact information, and employer information. You may also download a PSERS Active Member Handbook (PDF) and information about combining PSERS and State Employees’ Retirement System (SERS) employment. A Nomination of Beneficiaries (PDF) form is also included for you to complete and return to us.
In addition to the informational packet, Class T-E members will receive a separate letter containing a T-F Membership Class Election Form. Class T-E members who wish to choose Class T-F must complete and return the election form to PSERS within the deadline stipulated in the letter. Click here for more information on Class T-F and the election process.
As a PSERS member, you’ll join with over a half million fellow public school employees who are also members of PSERS. You’ll contribute to your own personal PSERS retirement account and profit from having a safe, secure, and guaranteed benefit payment(s) from one of the largest public pension plans in the nation.
For more information on PSERS: www.psers.pa.gov