The form you use to request a withdrawal from your account will be determined by the type of withdrawal you want to make. In most cases, you can access and submit your form in your online deferred comp account or mobile app.
If you are currently working for a SERS-participating employer, withdrawals from your account are limited to conversions of traditional before-tax funds to Roth after-tax funds and to cover necessities due to a financial hardship.
The Pennsylvania Treasury issues payments from the plan on three days each month. See the distribution schedule for those dates. In order for most withdrawals to be issued on a particular date, please submit your withdrawal form at least ten days in advance.
Retiring or leaving state employment? If you are retiring or leaving state employment, don’t submit distribution requests to Empower until you see your leave payout deposited into your deferred comp account or any lump sum rollovers from your pension deposited into your account. Empower cannot distribute money from your account until they receive an employment termination notice from your employer. When you see your leave payout and/or lump sum rollover deposited in your account, you’ll know that your employment termination has been processed.
NOTE: A debt to your employer (e.g. overdrawn leave or unreturned equipment/uniforms), will delay the termination notice and your distribution.
If you need a Separation from Withdrawal Form for your SERS Defined Contribution Plan or SERS Deferred Compensation Plan, please contact Empower at (866) 737-7457. If you need assistance resolving an Agency Debt that is holding up payment of your withdrawal, please contact your HR Department.
I am … |
I want to … |
Form to Use |
Where to Access Form |
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Retiring or leaving |
Make a one-time withdraw paid |
Separation from |
Online DCP account, |
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Retired or no longer |
Make a one-time withdraw paid |
Separation from |
Online DCP account, |
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Retired or no longer |
Establish regularly scheduled installment payments to me |
Installment Payments |
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Retired or no longer |
Change my installment payment |
Installment Payments |
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Retired or no longer |
Withdraw the required
minimum amount -- the “required minimum |
Required Minimum Distribution Request |
Online DCP account, |
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Currently working for |
Withdraw money to cover |
Hardship Withdrawal |
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An active |
Convert my traditional |
In-Plan Roth Rollover |
Online DCP account, |
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The ex-spouse |
Withdraw money from the |
Alternate Payee |
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The beneficiary |
Withdraw money from the |
Beneficiary Account Withdrawal Request |
Online DCP account, |
*Employees of the Liquor Control Board, Office of the Attorney General, Gaming Control Board, Public Utility Commission, Auditor General and all other agencies not under the Governor's jurisdiction should contact their local Human Resource office for assistance.