Welcome to SERS!
Established in 1923, the Pennsylvania State Employees' Retirement System is one of the nation's oldest and largest statewide retirement plans for public employees. We are proud to serve you and thank you for your work to make Pennsylvania great.
New members can use this website to learn about your retirement benefit, particularly some choices you need to make when you're first hired. Active members can run estimates to see how your retirement benefit grows as your years of service and salary change. Members who are getting ready to retire can read about payment options and get a check list for your counseling session. Retired members can get duplicate tax forms and click through to the Pennsylvania Employees Benefit Trust Fund - the PEBTF - for more about your health care.
Estimate your future retirement benefit or the federal tax withholding from your current annuity.Read more
Enroll in or manage your account in this optional, tax-deferred retirement savings program.Read more
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Provide your e-mail address to get member updates, notice of board meetings, press releases, and more.Read more
News & Updates
Pennsylvania SERS' Portfolio Added Nearly $1 Billion During First Quarter;
Board Receives 2016 Actuarial Valuation Report; Approves Nearly $300 Million in Private Equity Commitments
The Pennsylvania State Employees' Retirement System today announced that the SERS fund generated nearly $1 billion in net-of-fees earnings, or a 3.7% return, during the first quarter of 2017.
2017 Pension Reform Legislation
On June 12, 2017, Governor Wolf signed into law 2017-Act 5. This law fundamentally changes retirement options for most new hires beginning January 1, 2019. In addition, the legislation allows current members to opt-in to one of the three new options between January 1, 2019, and March 31, 2019.
The choice is irrevocable and would go into effect on July 1, 2019.
As a retired member, this legislation does not impact your pension.
As an active member, you will have the option to switch to one of three new classes of service created by 2017-Act 5, or to stay in your current class of service and continue accruing service credit toward your SERS pension just as you are now. You do not make your choice until early 2019.
While you don't have to make your choice until early 2019, here is a little about the three new classes of service.
Two of the new classes will feature a "hybrid" defined benefit pension/defined contribution plan.
That means that a portion of the retirees' benefit will be based on a calculation that takes into consideration their years of service and salary that will be paid in monthly payments for their lifetime, and a portion of their retirement benefit will be based on the amount of money they accumulate through their personal investment choices.
The third class is a straight defined contribution plan.
That means the retirees' benefit is based on the amount of money they accumulate through their personal investment choices.
A-3 or A-4 Member? (joined SERS after 1/1/11)
2017-Act 5 will allow you to withdrawal your contributions and interest at retirement - that option currently is not available to you.
In the future, additional information will be sent to members who have decisions to make about their benefit.
More information about this bill is available.
Pennsylvania SERS Reduces Investment Return and Inflation Assumptions,
Continues Restructuring Public Markets Portfolio
The Board of the Pennsylvania State Employees' Retirement System today reduced the long-term investment rate of return and the inflation assumptions, continued restructuring the public markets portfolio by shifting $2.1 billion into passive investments, and approved three alternative investments totaling up to $300 million.