04/28/2021
Penn SERS Board Approves Employer Contribution Rate, Accepts Report on Board Governance Recommendations,
Invests $50 Million in Private Equity

The Pennsylvania State Employees’ Retirement System Board, meeting by videoconference today, certified the employer contribution rate for the commonwealth’s 2021-22 fiscal year, accepted a report summarizing results from a board governance and self-assessment review, approved a $50 million private equity investment, and addressed other business.

03/25/2021
Penn SERS Board Approves Establishing A Formal Fee Policy and Fee and Expense Changes for the Deferred Compensation Plan

The Pennsylvania State Employees’ Retirement System Board, meeting here today, approved establishing a formal fee policy for the Deferred Compensation Plan and approved fee and expense changes to be effective July 1, 2021.

3/23/2021
Active Members: Your 2020 SERS Statement is in the Mail 

Today, we mailed your 2020 statement directly from our print and mail vendor in Claysburg, PA and made it available in your online member services account.

Your statement provides a snapshot of all your SERS retirement plans as of December 31, 2020, whether you have one or multiple SERS retirement plans. The statement lists the number of beneficiaries you have on file for each. Beneficiaries are plan specific, so if you contribute to more than one SERS retirement plan, you will need to name beneficiaries for each plan.

Please review your annual statement for accuracy and keep it with your other important financial documents. Your combined statement will help you plan for your retirement.

If you do not receive your member statement by April 1, 2021, please contact a SERS plan specialist at ra-sersretc@pa.gov or 1.800.633.5461.

If you would like to receive member updates directly to your e-mail, sign up here.