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Class Election

Choosing the Right Membership Class for You


Resources:Class Election Presentation | Class Election Insert | Confirmation of Class Insert | DC Investment Options  MSS Quick Start Guide 
If you started school service before July 1, 2019, please see Class T-F Election Resources.
If you are under 18, restrictions apply.  Please see "Members Under Age 18" for more information.

As a school employee who first became an active member of PSERS on or after July 1, 2019, you are automatically enrolled as a Class T-G member. Class T-G provides a hybrid retirement that has both a Defined Benefit (DB) and a Defined Contribution (DC) component for your retirement benefit. You have an election period to decide if you would like to remain Class T-G or elect another hybrid membership class with different contribution rates (Class T-H) or a defined contribution only membership class (Class DC).

Class T-G is the default Membership Class in which you contribute the most to your DB component of your retirement benefit for the guaranteed highest monthly benefit at retirement.  Class T-G also has the highest Employer DC Contribution Rate of the three Classes.

No action is required to remain in Class T-G.  Remember, your decision to remain Class T-G or elect Class T-H or Class DC is irrevocable.

Participant Contribution

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Employer Contribution

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 Voluntary Contribution
(after-tax/rollover)

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Investment Performance

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Total
Account Value


 Accordion ‭[3]‬



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​How are Class T-G, Class T-H, and Class DC different?


Membership Class Snapshot:

Class T-G guarantees the highest monthly DB benefit at retirement. You also contribute to the DC component of your retirement, which allows you to potentially grow the money that you set aside for retirement based on the performance of the investment markets. Compared to Class T-H, Class T-G has a higher DB member contribution rate and a higher employer DC contribution rate, but a lower participant DC contribution rate.

Class T-H guarantees a monthly benefit from the DB component that is lower than Class T-G. You also contribute to the DC component of your retirement, which allows you to potentially grow the money that you set aside for retirement based on the performance of the investment markets. Compared to Class T-G, Class T-H has a lower DB member contribution rate and a lower employer DC contribution rate, but a higher participant DC contribution rate.

Class DC provides no guaranteed monthly benefit at retirement because there is no DB component to your retirement benefit. The value of your DC account is based solely on what you and your employer contribute to the DC Plan and the performance of those contributions in the investment markets based on the investment options you choose. The employer DC contribution rate is the same as Class T-H, which is lower than that of Class T-G.

 Accordion ‭[2]‬



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​Class Election Examples

 Accordion ‭[1]‬



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Class Election FAQ