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RETIRED MEMBERS | |||||||||||||||||||||||||||||||||||||||||
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Your Online Account Source View & print your 1099R or Receive a Benefit Summary |
Tax Notes for PSERS Retirees If you are a resident of Pennsylvania and you receive a retirement benefit from PSERS, please keep in mind when filing your Pennsylvania state and local taxes that your PSERS payment is not subject to Pennsylvania state and local taxes. Your federal withholding amount may have changed slightly with your January 2010 benefit payment. This change occurred due to a change in the Internal Revenue Service (IRS) tax tables. This did not affect all PSERS retirees. No written notices were mailed, so those with an electronic transfer of their benefit should check their bank statement for the new net payment amount. | ||||||||||||||||||||||||||||||||||||||||
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Address & Payment Changes |
Monthly Benefit Payment Dates - 2010 | ||||||||||||||||||||||||||||||||||||||||
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Please submit any changes to PSERS in writing. Be sure to include your signature and social security number in the letter, or you can print a Change of Address for PSERS Retirees (PSRS-1301) form, complete it, and mail it to PSERS. PSRS 116 - Authorization for Direct Deposit - Electronic Transfer of Monthly Benefit If you change financial institutions for the direct deposit/electronic transfer of your monthly benefit payment, please keep in mind that this process may take up to 8 weeks or longer. We suggest that you do not close your old account until the first payment is successfully received into your new account. |
PSERS pays monthly retirement benefits on the last working day of the month for which they are due. However, because PSERS’ group health insurance premiums are payable in advance, your medical deduction is for the following month. For example, PSERS will pay your January benefit on January 30th, but the medical deduction is for February.
Missing Check Process Additionally, PSERS must receive address changes, direct deposit or electronic transfer requests by the 5th of the month for the change to be in effect for the payment released at the end of the month. Please allow up to two months for a direct deposit or electronic transfer change to go into affect. | ||||||||||||||||||||||||||||||||||||||||
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Reference Information |
Working After Retirement | ||||||||||||||||||||||||||||||||||||||||
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At PSERS:
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If you retired under a regular retirement benefit, you may only return to Pennsylvania public school employment without affecting your PSERS benefit if your employment is due to an emergency shortage of personnel. Whenever a school employer determines there has been an increase in workload that creates a serious impairment of service to the public or there is a shortage of personnel, a retiree may return to Pennsylvania school service for a period not to extend beyond the school year during which the emergency or shortage occurs. The employer makes the determination that these elements have been satisfied. Employers are expected to first make a "good faith" effort to secure non-retired school personnel. PSERS, however, reserves the right to review an employer’s determination that a qualifying emergency or shortage exists. For more detailed information about returning to employment after retirement, or returning to work in an extracurricular position, please refer to the PSERS Retired Member Handbook. | ||||||||||||||||||||||||||||||||||||||||
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Commonwealth of Pennsylvania, This page was last updated 01/19/10 |
