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March 13, 2017

2017 Workshop Schedule

The Public School Employees’ Retirement System’s (PSERS) Employer Service Center (ESC) invites you to attend our annual Employer Workshop. The workshops begin April 24 and run through June 5, 2017.

The workshop is recommended for business managers, payroll staff, human resources staff, and anyone else responsible for reporting information to PSERS. This year’s workshop is entitled “Back to Basics” and provides a refresher on everything from qualification rules and membership classes/rates to part-time member reporting. Other focus areas include the TF Election process, waivers, coaches, return to service, and the importance of correct contract records to support data reported. The topic was selected based on your questions to your ESC representative and the questions PSERS must pose to you when reviewing member accounts.

This workshop is designed to provide helpful tips to aid you in reporting and review areas that are questioned often during the year.  Whether you have an in depth knowledge of PSERS rules or not, we invite you to attend and pick up some useful information. We encourage you to bring your questions and are looking forward to seeing as many of you as possible. This is a great opportunity for us to meet with you and we enjoy the personal interaction.

Please send your RSVP to your ESC Rep so we can be prepared with the correct number of materials for each workshop. If you weren’t planning on attending, but your schedule changes so that it would permit you to attend, please join us. Below is a list of workshop locations, dates and times.

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December 09, 2016 

Employer Contribution Rate for Fiscal Year 2017-2018   

The employer contribution rate for fiscal year 2017-2018 will be 32.57%.  
The rate applies to salary and wages earned from July 1, 2017 through June 30, 2018.  
The rate was determined by PSERS actuary, and certified by the PSERS Board of Trustees at its meeting on December 7, 2016. The employer contribution rate may change if pension legislation is enacted prior to June 30, 2017. The employer contribution rate for fiscal year 2017-2018 consists of 31.74% for pension costs and 0.83% for premium assistance payments. Of the 31.74% portion of the employer contribution rate, 24.04% represents payment toward the unfunded liability.
 

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