to download our Active Member Handbook in PDF format. - PSERs

Table of Contents
About PSERS ....................................................................................................................... 1
Membership with PSERS ................................................................................................... 1-3
Membership ........................................................................................................................ 1
Full-Time Employees .......................................................................................................... 1
Part-Time Employees ...................................................................................................... 1-2
Waiving Membership ....................................................................................................... 2-3
Working in a Charter School ............................................................................................... 3
Working for Community Colleges, Penn State University, and State-owned Universities .. 3
PSERS Membership Classes and Contribution Rates ....................................................... 4-5
Membership Class .............................................................................................................. 4
Contribution Rate ............................................................................................................ 4-5
Shared Risk ........................................................................................................................ 5
Becoming Vested................................................................................................................... 5
Naming Benefi ciaries............................................................................................................. 6
Death Benefi ts During Employment ...................................................................................... 6
Interest................................................................................................................................ 6-7
Obtaining Service Credit................................................................................................... 7-10
Credited Service ................................................................................................................. 7
Approved Leaves of Absence ............................................................................................. 7
Purchasing Additional Service Credit ................................................................................. 8
Types of Service Eligible for Purchase ............................................................................ 8-9
Applying to Purchase NQPT Service .................................................................................. 9
Methods of Payment .......................................................................................................... 9
Purchase of Service Debt Plan - How It Works ................................................................ 10
Multiple Service Membership ......................................................................................... 10-11
Is Electing Multiple Service Right for You? .................................................................. 10-11
Electing Multiple Service Membership ..............................................................................11
Statement of Account ..........................................................................................................11
Divorce ................................................................................................................................ 12
Options When Leaving Service ..................................................................................... 12-17
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