Pennsylvania municipal pension handbook

And now, that situation has gone from bad to worse. One of the primary reasons for this situation appears to date back to , when the pension board adjusted the pension calculation procedure.

These adjustments seem to have made it easier for some police officers to spike their pensions. In October , this rule was changed so that calculations will now be based upon the last three years of service. Officials are hoping to recoup some of the overpayments to retirees, and they are expecting future payments to be reduced significantly. 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. Estimate your future retirement benefit or the federal tax withholding from your current pension payments.

Provide your e-mail address to get member updates, notice of board meetings, press releases, and more. Contact SERS with questions about your specific plan or fill out our contact form for general questions. Sanchez retires later this month. Learn more. Defined Contribution Plan Account Sign In Provides you with the option to choose your own investments and assume the risk.