About Your PSERS Defined Contribution Plan
Defined Contribution (DC) component of your retirement is based on the amount of contributions made by you and your employer, the investment performance on those contributions, and the fees, costs, and expenses deducted from your PSERS DC Plan account. Your contributions have the potential to grow based on investment earnings, but are not guaranteed against loss in declining investment markets.
If you are in one of the following PSERS membership classes, you will receive all or part of your retirement benefit from the PSERS DC Plan:
|Class T-G and Class T-H consists of DB and DC components. Participants in these classes are entitled to a guaranteed DB monthly benefit, if vested, and the vested account balance of contributions and investment earnings, if any.
|Class DC participants are only entitled to the vested account balance of contributions and investment earnings, if any.
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As a PSERS member participating in Class T-G, Class T-H, or Class DC, your and your employer's DC contributions are automatically invested in a target date investment based on your estimated normal retirement age (67) as determined by your date of birth.
You can remain in your default target date investment or change how all or part of your account balance is invested at any time by accessing your DC account through your PSERS Member Self-Service (MSS) account. You can select a different target date investment or choose from among 11 additional
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