Public School Employees’ Retirement System
Laws governing PSERS provide service retirement allowances and death and disability benefits. Members who leave employment before retirement are entitled to a refund of member contributions plus interest.
Member contributions and contributions by the State are paid into PSERS for the exclusive benefit of members of the System and their beneficiaries. All benefits are paid out of this fund and are separate from any other retirement income you may have. The ability of this fund to meet future obligations is examined each year by an independent actuarial firm specializing in pension and retirement plans. In addition, PSERS is examined annually by an independent accounting firm in accordance with generally accepted auditing standards.
PSERS is administered by a Board of Trustees consisting of the Board of Trustees of the Employees' Retirement System plus two additional members appointed by the Governor.
If you have questions about your retirement benefits that are not answered in this handbook, contact this office or your local school superintendent.
Public School Employees Retirement System (PSERS)
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