Welcome to SERS!
Established in 1923, the Pennsylvania State Employees' Retirement System is one of the nation's oldest and largest statewide retirement plans for public employees. We are proud to serve you and thank you for your work to make Pennsylvania great.
New members can use this website to learn about your retirement benefit, particularly some choices you need to make when you're first hired. Active members can run estimates to see how your retirement benefit grows as your years of service and salary change. Members who are getting ready to retire can read about payment options and get a check list for your counseling session. Retired members can get duplicate tax forms and click through to the Pennsylvania Employees Benefit Trust Fund - the PEBTF - for more about your health care.
Estimate your future retirement benefit or the federal tax withholding from your current annuity.Read more
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News & Updates
Pennsylvania SERS to Begin Performance Audit Work
The board of the Pennsylvania State Employees' Retirement System today directed staff to begin preparations for a cooperative performance audit by the state's auditing agency.
Statement from David R. Fillman, Chairman, State Employees' Retirement Board:
"Recent news accounts have associated the State Employees' Retirement System (SERS) with the indictment of Richard W. Ireland through his relationship with former Treasurer and ex-officio SERS Board Member, Rob McCord.
The indictment alleges that Mr. McCord, by virtue of his position on the SERS Board, had influence over SERS investment decisions and that Mr. Ireland sought for Mr. McCord to use that influence in his favor. It is important to note that the indictment does not actually allege that any influence was successful.
Further, there are no claims that any other SERS staff or board members were involved in, or had knowledge of, the conduct underlying the allegations.
Based upon a thorough review, SERS has found no direct holdings or investments with any companies that are known to be owned or operated by Mr. Ireland.
SERS members and the general public can rest assured that all investments are made according to SERS' Strategic Investment Plan, and opportunities are evaluated using a strict due diligence process - including an extensive third-party review - and are voted upon by the collective 11-member SERS Board. No one board member can unilaterally make an investment decision."
Pennsylvania SERS Portfolio Earned $176 Million During First Quarter;
Board Receives 2015 Actuarial Valuation Report
The Pennsylvania State Employees' Retirement System today announced that the SERS fund generated $176 million in net-of-fees earnings, or 0.7%, during the first quarter of 2016.