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  • Pa Psrs-600 2014

Get Pa Psrs-600 2014-2025

Irement benefit from any other private or public pension fund based on your government service, you may not purchase retirement credit for your government service with the Pennsylvania Public School Employees’ Retirement System (PSERS). What is Government Service? Government service is defined as full-time service rendered with a United States government agency as an administrator, teacher, or instructor in education teaching school age children. Peace Corp service requires that the applicati.

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Retirement Calculation Formula Your retirement benefit is calculated using a formula with three factors: Service credit (Years) multiplied by your benefit factor (percentage per year) multiplied by your final monthly compensation equals your unmodified allowance.

If you are a Class T-D member, you will receive an annual retirement benefit based on a 2.5% multiplier. The service eligible for this higher multiplier is school service. School service is defined as Pennsylvania public school service, or activated or intervening military service.

Age 65 with at least three (3) years of credited service, or any age/service combination that totals 92 (“Rule of 92”) with a minimum of 35 years of service.

Hourly employees must work at least 1,100 hours to earn one full year of service. If you do not work enough days or hours to earn a full year of service credit, your partial year of credit is determined by dividing the days and/or hours you work by 180 (days) or 1,100 (hours).

A refund is your only option if you terminate from all school service and you are not vested. You are eligible only for a refund if you are not vested. For vesting requirements, refer to "Becoming Vested." To request the application to receive a refund of your account, please contact PSERS directly at 1.888. 773.7748.

Class T-F members will receive an annual retirement benefit, payable monthly, under the following calculation: 2.5% x Final Average Salary x Years of Credited Service = Yearly Benefit under the Maximum Single Life Annuity.

Employee (Member) contributions range from 5.25% to 10.80% of payroll depending on the class of membership of the employee and when they joined PSERS. Employees are expected to contribute an average of 7.44% of their salary to help fund their retirement benefit in FY 2023/2024.

Any premium payments made with pre-tax or non-taxed funds are not eligible for Premium Assistance. As a reimbursement, Premium Assistance cannot exceed the retiree's actual out-of-pocket premium expense and is not treated as taxable income.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232