Pension Funding Resources

The Funding Issue Facing School Employers and the Commonwealth

The current funding issue confronting PSERS represents the greatest challenge the System has faced in its history.  PSERS has created this resource page on its website to help PSERS' members, the media, legislators and their staff and the general public better understand the System and the complexity of the funding challenges facing PSERS, the Commonwealth and school employers.

PSERS will continue to be very public with the issue in an attempt to raise awareness and will keep continually update this page with any developments in the coming year.  PSERS remains committed to providing all available assistance to the Governor, General Assembly and School Employers to deal with the funding issue.

Jeffrey Clay
PSERS Executive Director

Resources

Employer Contribution Rate Fact Sheet (Updated on December 10, 2013)
Click here for a fact sheet on the employer contribution rate which provides more detail on the funding of the System.

Current Employer Contribution Rate and 30-Year Rate Projections  (Updated on February 10, 2014)
Click here for the official employer contribution rate for FY 2014/2015 and 30 year projections from PSERS actuaries. The employer contribution rate is certified each December by PSERS Board of Trustees and official rate projections are also updated each December by PSERS actuaries.

History of PSERS Contribution Rate from 1955 to 2014
Click here for a copy of chart that shows the history of the employer and employee contribution rates.

PSERS Comprehensive Annual Financial Report
Click here to view PSERS current and past annual financial reports.

PSERS Actuarial Valuation
Click here to view PSERS current and past actuarial valuations.


Member Update: Pension Reform Legislation Signed by the Governor

On November 23, 2010, the Governor signed HB 2497 into law. The legislation is now known as Act 120 of 2010.

Act 120 includes a series of actuarial and funding changes to PSERS and benefit reductions for individuals who become new members of PSERS on or after July 1, 2011.

Act 120 will NOT impact the pension benefits of current PSERS members or retired PSERS members.

For a further explanation of Act 120, please click on the following links:

- Benefit Changes Summary
- Actuarial and Funding Changes Summary

Further explanation of Act 120 will appear in upcoming PSERS newsletters and mailings.