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Click ‘Get Form’ to open the psers document in the editor.
Begin with Part A by entering your name and Social Security Number. Ensure all entries are typed or printed clearly.
Fill in the Beneficiary Information section, including your name, date of birth, daytime phone number, and mailing address. This information is crucial for processing your rollover.
Estimate the rollover amount in the designated field. Remember, this is an estimate until PSERS reviews your option election.
Sign and date the form at the bottom of Part A to affirm that all information provided is accurate.
Proceed to Part B where your financial institution will complete their section. They need to verify that they can accept the rollover.
Ensure that your financial institution signs and provides their contact details before submitting the completed form back to PSERS.

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How does Psers work in PA?

In PSERS DB Plan, the retirement benefit is based on a formula. The formula used by PSERS includes a pension multiplier, your credited years of service, and your final average salary. Class T-C, Class T-D, Class T-E, and Class T-F are defined benefit only plans.

How many years do you have to teach in PA to get a pension?

The formula to calculate the value of a teachers DB is detailed in the section below. Teachers in either the T-G or T-H plan vest in the DB plan after 10 years of service. This means that a teacher is eligible for a pension after 10 years. A teacher vests in the DC plan after 3 years of service.

How much is a teacher pension in Pennsylvania?

State-by-State Teacher Pension Breakdown StateAverage Pension Per MonthFinal Salary Calculation Illinois $4,000 Highest 4 years Florida $1,900 Highest 5 years Ohio $3,200 Highest 3 years Pennsylvania $3,750 Highest 3 years4 more rows Mar 31, 2025