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July 30, 2015

Member Alert: Duplicate Direct Deposits
The Pennsylvania Department of Treasury notified PSERS that a limited number of PSERS members may receive duplicate direct deposit payments on July 31st. 

Treasury is working closely with all impacted financial institutions to have these duplicate payments reversed as quickly as possible.

Some members may see three postings in their account for July 31st, which include two deposits and one reversing the duplicate deposit.

PSERS suggests that members leave any misapplied payment in their account until the issue has been corrected.

As more information becomes available, this posting will be updated. We apologize for any inconvenience this may cause.


July 09, 2015
Pension Reform Legislation Update – Senate Bill 1 (SB 1) is vetoed by Governor

On July 9, 2015 Governor Tom Wolf vetoed SB 1 which would have made significant changes to the structure of pension benefits of new PSERS’ members and would have also made some changes to future benefits earned by current PSERS’ members.

PSERS will continue to closely monitor legislative activity regarding pension reform and will keep members updated.


July 01, 2015
Commonwealth Budget Impasse Information

If you have questions about how a budget impasse will affect operations, please see FAQs here: 
http://www.pa.gov/PAbudgetFAQs 


June 16, 2015
Press Release: PSERS posts March 31, 2015 quarterly investment performance; Fund earned 2.82% for the quarter and 7.93% for the one-year period ended March 31, 2015

 


May 14, 2015
Pension Reform: Update
Pension reform remains a top legislative issue in Harrisburg.  


April 24, 2015
Attention All PSERS Members:  Notice of Telephone Scam
PSERS Acting Executive Director Terrill J. Sanchez today issued an alert to all PSERS’ active and retired members about a recurring telephone scam in which PSERS’ members are contacted by individuals claiming to be with the U.S. Treasury or Internal Revenue Service. These individuals state there is an issue with their PSERS’ benefit.  This is a telephone scam and members should immediately hang up.

“PSERS’ members should remain alert to these types of telephone scams,” Sanchez said. “These individuals can be aggressive and may call multiple times. It is important to never give out any personal information or account information. Protect yourself by not speaking with the caller. Simply hang up.”

This telephone scam is very similar to a well-known IRS scam. More information on the IRS scam can be found at: http://www.treasury.gov/tigta/press/press_tigta-2015-01_home.htm

Other tips for avoiding phone or email scams:


April 15, 2015
Public School Employees’ Retirement System Board of Trustees selects State Representative Glen R. Grell as new Executive Director.


April 6, 2015
Acting Executive Director Named
On March 27, 2015 Ms. Terrill Sanchez was named Acting Executive Director of PSERS, effective April 4, 2015.


April 3, 2015
Active Certified and Active Non-Certified Member Elections

The PSERS Board of Trustees will conduct two elections this fall.  One is for an active certified member and one for an active non-certified member, each to serve a three-year term on the Board beginning January 1, 2016.  

Members desiring to run for election for the active certified member seat must:

Members desiring to run for election for the active non-certified member seat must:

To receive a nomination packet and more information on the duties and responsibilities of Board members, interested members may write to:                
Shirley Jones
PSERS Election Coordinator
5 North 5th Street
Harrisburg, PA  17101

Please be sure to specify in your request that you want information on the active certified or active non-certified member seat. Your completed affidavit, nominating petition, and biographical form must be returned to Shirley Jones at the PSERS Headquarters address by 4:30 p.m. on June 19, 2015.  Late receipt will disqualify any candidate from the election ballot.     

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