You can obtain copies of your Statement of Account through Interaction, PSERS’ online application for members. You must
have an Interaction account established to view or print a copy of your statement. To establish an account, click here. Your
username and password information will be mailed separately to your home address.

You will not receive a statement if:

- You are retired.

- You have been paid a refund of your contributions and interest.

- You have an incorrect address on file with PSERS.

- You terminated employment more than two school years ago, prior to being vested.*

- Your employer(s) has not completed the reporting for the school year.

- PSERS must wait until your employer has submitted all monthly work reports for the entire reporting year before statements
can be generated for that school’s employees.   If you have more than one school employer, you will not be issued a
Statement of Account until all of your employers have completed their reporting.

If you are working in a Pennsylvania public school and none of the above conditions apply to you, then contact PSERS.

PSERS will mail your statement after receiving your salaries, contributions, and days and/or hours worked from all of
your employers for that school year.   This mailing process begins September and ends by December 31, unless
the reporting from your employer(s) is delayed.  If you work for more than one employer, PSERS must receive the
information from all of your employers before generating your statement.

No, PSERS does not generate revised statements.   When an adjustment is made by an employer or PSERS after the
statement’s generation, the adjustment will be reflected in the following year’s statement of account.  Upon request, an
 explanation will be provided.

If you need information that is more current than your last statement for financial verification, you may submit a PSERS
Verification of Deposit (PSRS-1326) form and signed release.  Most requests are processed within 3 – 5 business days
of receipt by PSERS.

What do I do if the beneficiary information listed is incorrect?

A misspelling of a beneficiary’s name can be corrected by contacting PSERS. If you wish to change any other information for your
beneficiary(ies), you must submit a new Nomination of Beneficiaries (PSRS-187) form to PSERS.

What do I do if information in this section is incorrect?

If you are an active member, any changes should be directed to your employer because PSERS records for active members
are updated by the employers.

If you are no longer actively working, corrections or questions should be directed to PSERS.

I received compensation after the end of the school year (June 30) – why does that information appear in my current
year’s statement?

Your statement displays information for work performed between July 1 and June 30, regardless of when you received
compensation. Thus, information for the work you performed will appear on your current year’s statement as long as you
performed the work prior to July 1.

How are my Purchase of Service transactions displayed?

Purchase of service payments and service credits are identified on your statement’s purchase of service row in the year the
transaction was made. Once the information becomes part of the Ending Balance June 30, 20YY, the values are no longer
identified in the purchase of service row on the statement, but as part of the total.

How is the interest calculated on my contributions?

Because not all of your contributions were in your account for the full year, PSERS prorates the current year’s contributions
at a rate of two (2) percent interest for the entire school year. All prior contributions and interest in your account earn
four (4) percent interest compounded annually. Non-vested members who are terminated will not receive interest.

My employer recently submitted an adjustment for days worked, hours worked and/or salary to PSERS - why does this
not appear on my statement?

When an adjustment is made after the generation date on your Statement of Account, that adjustment will appear
on next year’s statement.

Why is a partial year of credit reflected on my statement?

There are two primary reasons why a partial year of credit may be reflected on your statement:

- You worked less than a full school year.  The service calculation is based on the number of days or hours reported by your
employer. For example, a full year of service credit is 180 days (if hired on a per diem or salaried basis) or 1,100* hours
(if hired on an hourly basis).  The following are two examples:

- If you worked 170 days, PSERS calculates your service credit by dividing 170 by 180.  You would receive .94 of a year of
service credit.

- If you worked 870 hours, PSERS calculates your service credit by dividing 870 by 1100. You would receive .79 of a year of
service credit.

*If you work 9 or 10 months per school year in a full-time hourly position which requires you to work 900 to 1,100 hours, your
service credit is calculated using the actual hours you worked divided by your expected work hours.

- If you purchased service, the total service may have included a partial year of service.

If you do not agree with the service reported during the school year, contact your employer(s) to review the reported service. 
Any adjustments to your service must be reported to PSERS by your employer.

What are Investment in Contract Pre-87 and Post-86 Contributions?

These are contributions for which you have already paid taxes.

The table will only appear if you have contributions considered to be Investment in Contract which is defined on the
statement. These values are already included in the totals reported in the “Breakdown of Account” table.

Why are these fields blank on my statement?

If you have not yet met vesting requirements, this section will not show on your statement.
Refer to the Active Member Handbookto see vesting requirements for your membership class.

How is my Final Average Salary (FAS) calculated?

Your FAS is the average of your three highest school year salaries.   Included in the calculation of your FAS may be
compensation received for performing additional duties such as overtime, work as a coach or department head,
etc.   Payments for unused sick, vacation, personal leave, or retirement incentives would NOT be included in
the calculation of the FAS.

Note: The FAS used on your statement is not necessarily the actual FAS that will be used when you apply for your
retirement benefit. The FAS for your retirement benefit will be calculated at the time your retirement benefit is
finalized. Salary for school years with less than one year of service credit may be annualized for the FAS calculation.

How is my Normal Retirement Date Determined?

Your normal retirement date is the earliest date that PSERS estimates you will be eligible for normal retirement based
on the information in your account as of the close of this school year.

Normal retirement is a no-penalty benefit where all age and/or service requirements are met.
These requirements are determined by your membership class. Refer to the Active Member Handbook for more details.

Why are there no estimated benefits provided on my statement?

There may be several reasons a benefit calculation was not provided:

· Your total service credit may not qualify you for a retirement benefit.

· Data may be incomplete for the calculation of final average salary.

· You may be a former PSERS retiree who has returned to service.

How can I view my retirement estimates for alternative Options or dates of retirement?

To view additional options or dates of retirement other than those shown on your Statement of Account, you may use the
Retirement Calculator

If you are within 12 months of retirement, you may request an official PSERS staff-prepared estimate by submitting a Request
for Retirement Estimate(PSRS-151) form.

Why is page 4 blank on my statement?

Page 4 will only display information if you:

 - Owe money to PSERS.

 - Elected and were granted Multiple Service membership.

 - Returned to service after retirement.