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.
Progress Made Under Act 120 of 2010 Pension Reform
Employer Contribution Rate Fact Sheet (updated July 19, 2016 for fiscal year 2018)
Fact sheet on the employer contribution rate which provides more detail on the funding of the System
Current Employer Contribution Rate and Rate Projections (updated July 19, 2016 for fiscal year 2018)
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 2015 (coming
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.
Act 120 of 2010
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:
Q: Where can I find information about proposed pension legislation?
A: The State Employees’ Retirement System works with the Public Employee Retirement Commission to maintain a searchable database specific to retirement-related legislation. You can find proposals related to Pennsylvania school, state, or municipal retirement systems; you can sort by common retirement-related topics; and you can access actuarial and cost notes, if applicable.
You can also visit the General Assembly's website to search the content and status of all legislation introduced in Pennsylvania.