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Retiring

Members of PSERS who meet certain eligibility requirements qualify to receive a monthly retirement benefit for life. 

Normal Retirement (Unreduced Benefit)

Normal retirement, also known as superannuation or full retirement, is a no-penalty benefit where all age and/or service requirements are met. You may receive a normal retirement benefit when youterminate public school employment and if:

Class T-C and Class T-D

  • You are age 62 with at least one (1) full year of credited service at the time you terminateactive or inactive service.

  • You are age 60 and have 30 or more years of credited service.

  • You have at least 35 years of credited service regardless of age.

Class T-C and Class T-D members eligible for a retirement benefit may request to receive a refund of their contributions and interest and also receive a monthly retirement benefit for life.

Class T-E and Class T-F

  • You are age 65 with at least three (3) years of credited service at the time you terminateactive or inactive service.

  • You attain at least 35 years of credited service and reach an age that in combination is equalto or greater than 92 (for example, 36 years of service plus age 56 equals 92).

Early Retirement (Reduced Benefit)

Early retirement is available to members who do not meet the normal retirement requirements.  Early retirement is available to:

  • Class T-C* or Class T-D members who are under age 62 at termination and have at least fiveyears of credited service.

  • Class T-E or Class T-F members who are under age 65 at termination and have at least 10 years of credited service. 

Disability Retirement

To apply for a PSERS disability retirement benefit, you must have at least five (5) years of credited service with PSERS.  There are more eligibility requirements to apply for a disability retirement.  Click here for more disability retirement information. 

Steps to Retirement

PSERS strongly suggest all members who are planning for retirement complete the following steps:

  1. Make sure to submit any purchase of service (POS) request, if applicable.  Only actively working members of PSERS are eligible to purchase service credit.  Once you terminate PA public school employment it will be too late to purchase service credit.

  2. Attend a Foundation for Your Future Program.  The PSERS Foundations For Your Future Programs are designed to give public school employees an overview of their retirement benefits.  These programs provide all active members with general information about PSERS' benefits and services. Attendance at a Foundations for Your Future Program will help you begin to plan for your retirement early in your career.  Each program lasts approximately 90 minutes. Click here for the Foundations for Your Future meetings schedule.

  3. Request a PSERS retirement estimate by completing and submitting a Request for Retirement Estimate (PSRS-151).  PSERS will prepare two (2) retirement estimates for members who are retiring within the current school year.  If you are not retiring within the current school year, PSERS supplies two ways for you to prepare your own personalized retirement estimates using the PSERS online system.  Click here to access the Online Retirement Calculator.  A staff-prepared retirement estimate is needed to attend exit counseling        

  4. Schedule a Retirement Exit Counseling session. Exit Counseling is offered as a service to anyone retiring in the current school year. Emphasis at Exit Counseling will be on completion of the retirement application and related forms. The exit counseling sessions will be scheduled to accommodate a small group.   Click here for a list of all our Regional Offices.

    Bring your staff-prepared estimate and any other applicable paperwork needed to complete your retirement application.  For example, completed Direct Rollover form, direct deposit bank information, beneficiary and survivor annuitant information along with survivor annuitant proof of date.

  5. Notify your PA public school employer(s) of your termination date.  This is a very important step since PSERS cannot begin to process your retirement application without formal reporting of your termination date from all your PA public school employers.

* Special conditions may apply for those who terminated active PSERS-covered employment prior to July 1, 2001. Contact PSERS for more information.