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 Authorization for Release of Information  Psers  PA Gov 2019-2025

Psers Login 2019-2025 Form

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[Music] welcome to the public school employees retirement system or psers you join more than 500 000 of your peers as a part of a system that provides for your retirement while retirement may seem far off your decisions now impact your future well-being psers provides two types of retirement benefit plans a defined benefit and a defined contribution the defined benefit is a guaranteed amount of money you will receive monthly in retirement you must earn at least 10 years of service or work until age 67 with at least three years of service your membership class multiplier is a number that is determined by the class election you choose at the beginning of your employment the defined benefit formula is your final average salary times your membership class multiplier times your years of service which equals your maximum annual retirement benefit unlike the defined benefit the defined contribution is not guaranteed because it is based on how much money you and your employer put in the accoun

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