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Change of Address for PSERS Retirees form - psers state pa

Change of Address for PSERS Retirees form - psers state pa 2025

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The document is a form for Pennsylvania Public School Employees' Retirement System (PSERS) retirees to submit a change of address. It provides instructions for retirees on how to update their mailing address, clarifies that active members must notify their employer instead, and includes sections for personal information and member certification.

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What is the PA teacher pension multiplier?

If you are a Class T-F member, you will receive an annual retirement benefit based on a 2.5% multiplier, for all service rendered or purchased.

What is the formula for teacher retirement in PA?

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.

Are PSERS benefits subject to PA inheritance tax?

PSERS benefits paid to your beneficiary are exempt from state and local taxes if the beneficiary resides in Pennsylvania.

How does a retirement multiplier work?

Multipliers are sometimes known by other terms, such as accrual rate or crediting rate but they mean the same thing. A typical multiplier is 2%. So, if you work 30 years, and your final average salary is $75,000, then your pension would be 30 x 2% x $75,000 = $45,000 a year.

Is there a death benefit from PSERS?

Members retiring with at least 30 years of service may also elect to receive a partial lump sum option. $5,000 death benefit paid to surviving beneficiary(ies). PA PSERS Death benefit for nonvested members is a refund of member contributions with interest.

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How do I change my address with PSERS?

You may change your address on the PSERS Member Self-Service (MSS) Portal. PSERS will also accept: A different address submitted via a signed PSERS application. Change of address information provided by the United States Postal Service (USPS) or the USPS National Change of Address (NCOA) database.

What is the PA teacher retirement multiplier?

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.

What is the 2% 62 formula?

PEPRA Miscellaneous Member: 2% at 62; which means you can retire at 62 and receive 2% x (years of service) x (avg of highest 3 years salary).

Change of Address for PSERS Retirees form - psers state pa 2025

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What is the PA teacher pension multiplier?

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How do I change my address with PSERS?

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