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Pension Funding Resources

 

The Funding Issue Facing School Employers and the Commonwealth

 

PSERS has created this resource page to help PSERS' members, the media, legislators and their staff and the general public better understand the System and the complexity of the funding challenges facing PSERS, the Commonwealth and school employers.

  


 

Resources

 
 
Employer Contribution Rate Fact Sheet (updated December 7, 2018)
Fact sheet on the employer contribution rate which provides more detail on the funding of the System (PDF)
 
Current Employer Contribution Rate and Rate Projections (updated December 7, 2018)  
The employer contribution rate is certified each December by PSERS Board of Trustees (PDF)
 
PSERS Comprehensive Annual Financial Report
Click here to view PSERS current and past annual financial reports.
 
 
 
PSERS Actuarial Valuation
 
Click here to view PSERS current and past actuarial valuations.
 

Act 5 of 2017

On June 12, 2017, Governor Wolf signed SB 1 into law. The legislation is now know as Act 5 of 2017. 
 
  
  

Act 120 of 2010

 
On November 23, 2010, the Governor signed HB 2497 into law. The legislation is now known as Act 120 of 2010.
 
Act 120 includes a series of actuarial and funding changes to PSERS and benefit reductions for individuals who become new members of PSERS on or after July 1, 2011.
 
Act 120 will NOT impact the pension benefits of current PSERS members or retired PSERS members.
 
For a further explanation of Act 120, please click on the following links:
 
 
 

 
 

FAQ

 
Q: Where can I find information about proposed pension legislation?
 
A: The State Employees’ Retirement System works with the Public Employee Retirement Commission to maintain a searchable database specific to retirement-related legislation. You can find proposals related to Pennsylvania school, state, or municipal retirement systems; you can sort by common retirement-related topics; and you can access actuarial and cost notes, if applicable.
 
You can also visit the General Assembly's website to search the content and status of all legislation introduced in Pennsylvania.
 

Links to other Pension-Related Organizations