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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.

Online
Calculators

Estimate your future retirement benefit or the federal tax withholding from your current annuity.

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Deferred
Compensation

Enroll in or manage your account in this optional, tax-deferred retirement savings program.

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for SERS News

Provide your e-mail address to get member updates, notice of board meetings, press releases, and more.

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News & Updates

07/26/2017
Pennsylvania SERS Approves $250 Million in New Investments,
Selects Stable Value Fund Program Manager for Deferred Compensation Program

The Board of the Pennsylvania State Employees' Retirement System today approved up to $250 million in new commitments for the state's pension system and hired a Stable Value Fund program manager for the state's voluntary Deferred Compensation Program.

06/29/2017
Former Chairman and Long-Serving Board Member Nicholas J. Maiale Honored;
Received Penn State's Distinguished Alumni Award

Highlighting his public service, including his more than twenty years of service on the SERS Board, the Penn State Board of Trustees presented Nicholas J. Maiale with the Distinguished Alumni Award in State College on June 2, 2017.

The award, the highest that Penn State bestows upon an outstanding alumni, was presented to Mr. Maiale for his "distinguished legal career, his leadership in the Commonwealth of Pennsylvania, and his engagement at Penn State Abington as an advisor, mentor, and philanthropist."

Established by the Penn State Board of Trustees in 1951, the award "salutes the achievements of outstanding alumni whose 'personal lives, professional achievements, and community service exemplify the objectives of their alma mater.'"

Mr. Maiale served on the SERS Board from 1992-2013, and in the Pennsylvania House of Representatives from 1980-1992. He serves as a member and the finance chairman on the board of trustees of the Delaware Valley Multiple Sclerosis Society. In 2010, Mr. Maiale was inducted into the Volunteer Hall of Fame for the National Multiple Sclerosis Society's Greater Delaware Valley chapter for his work in fundraising for the organization. Mr. Maiale spends time working with student veterans who attend PSU's Abington campus, making himself available for career counseling and professional development. Mr. Maiale recently funded and accompanied veteran students on an international trip to visit World War I sites in Europe in recognition of the 100th anniversary of the war.

Mr. Maiale is an attorney practicing in Philadelphia. He attended the Penn State Abington campus, where he earned his bachelor's degree in political science in 1973.

6/14/2017
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.

6/12/2017
2017 Pension Reform Legislation

On June 12, 2017, Governor Wolf signed into law Act 2017-5. 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.

Retired Member?

As a retired member, this legislation does not impact your pension.

Active Member?

As an active member, you will have the option to switch to one of three new retirement options created by Act 2017-5, 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 options.

Two of the new options 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 option 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)
Act 2017-5 allows 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.

For more information about the Act, see legislation.

 

More Press Releases | Active Member Updates | Retired Member Updates