Leaving Employment
Benefits for Which You May be Eligible
If you are an active contributing member of PSERS who terminates all Pennsylvania public school employment, a benefit is likely available to you. Shown below is a chart to help you determine what benefit may be available:
PSERS Benefits Click on the links for more detailed information about the benefit for which you may qualify. |
Benefit | Qualifications |
Return of Contributions and Interest (Refund) |
Class T-C or T-D member: - Fewer than 5 years of credited service
Class T-E or T-F member:
- Fewer than 10 years of credited service |
Vesting or Deferring Retirement (Postponing receipt of your retirement benefit) |
Class T-C* or T-D member: - 5 years of credited service
Class T-E or T-F member: - 10 year of credited service |
Disability Retirement | 5 years of credited service; meet medical eligibility and application submission requirement |
Early Retirement (Age Penalty Applied) |
Class T-C* or T-D member - 5 years of credited service
T-C or T-D Member: - Age 55 with 25 years of service (3% - 15% maximum reduction)
Class T-E or T-F member - 10 year of credited service |
Normal Retirement (Superannuation) |
T-C or T-D Member: - 35 years of service regardless of age - Age 62 with 1 year of service - Age 60 with 30 years of service
T-E or T-F Member: Age 65 with at least three (3) years of credited service, or any age/service combination that totals 92 (“Rule of 92”) with a minimum of 35 years of service. Example: A member age 57 with35 years of credited service (57 [age] + 35 [service] = 92) would total 92 and, therefore, would be superannuated. |
*
Special rules apply if you terminated public school employment before
July 1, 2001
.
|
Benefit Forfeiture
The Public Employee Pension Forfeiture Act (Act 1978-140) provides that PSERS members who have been sentenced after having been convicted, pled guilty or no contest in a court of law for any of the crimes listed in the Pension Forfeiture Act are subject to the forfeiture of their PSERS pension benefit. For more detailed information,
click here.