PSERS Retirement - State College Area School District 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin with the Member Information section. Enter your name, address, social security number, gender, and date of birth. Ensure all details are accurate as this is a legal document.
  3. In the Primary Beneficiary section, designate individuals or entities as primary beneficiaries. Specify the percentage of benefits each should receive, ensuring the total equals 100%.
  4. For Secondary Beneficiaries, repeat the process by naming individuals or entities that will receive benefits if all primary beneficiaries predecease you. Again, ensure percentages total 100%.
  5. If applicable, complete the Guardian Information section for any minor beneficiaries. Name a guardian and provide their address.
  6. Finally, sign and date the form in the Member Certification section to validate your nominations.

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Most retirement benefits are processed within 4 to 6 weeks after PSERS receives all of the following information: Properly completed application(s) Date of termination. Your last salary and service as reported from your employer.
A plan distribution before you turn 65 (or the plans normal retirement age, if earlier) may result in an additional income tax of 10% of the amount of the withdrawal.
You must be vested to receive the pension benefit. Vested means you are eligible for a monthly retirement benefit after termination of employment. As a member of Class T-E or Class T-F, you must meet the below requirements to be vested: You have at least 10 years of qualifying service.
Retired Teacher Salary in Pennsylvania Annual SalaryHourly Wage Top Earners $63,652 $30 75th Percentile $57,100 $27 Average $46,701 $22 25th Percentile $33,600 $16
Therefore, PSERS may not provide you with a loan or allow you to borrow funds from your account. Additionally, your funds in PSERS may not be attached, assigned, or used for collateral. Your PSERS pension is excluded from the bankruptcy estate under section 541(c)(2) of the Bankruptcy Code.

People also ask

If you are a former public school employee with a balance over $5,000 in the PSERS DC Plan, you may choose from the following distribution options. Partial distributions and full distributions may be taken as a direct distribution or a rollover to an individual retirement account or another employer retirement plan.

psers retirement questions