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of the Commonwealth of Pennsylvania

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    Retirement Benefits

    Secure Your Future with SERS Plans and Deferred Compensation

    Planning for a comfortable retirement is one of the most important steps in securing your financial future. The State Employees' Retirement System (SERS) offers flexible retirement plans to help you reach your goals, no matter where you are in your career.

    Hybrid Plan

    This plan combines the security of a pension with the flexibility of a defined contribution plan. You’ll receive a guaranteed monthly pension based on your years of service, salary, and pension class, along with an investment account you can manage.

     

    To compare these options and find what suits you best, use the SERS' New Member Plan Comparison Calculator.

    Learn more about the Hybrid Plan

    Defined Contribution Plan

    Similar to a traditional 401(k), this plan allows both you and your employer to contribute to an investment account. You can choose from five different investment options based on your comfort with risk and investment knowledge.

    Learn more

    Voluntary Supplemental Retirement Plan (Deferred Compensation)

    Boost your retirement savings with the Deferred Compensation Plan. This optional plan lets you set aside extra money for retirement through traditional pre-tax or Roth after-tax contributions. Whether you're a beginner or an experienced investor, there are options to match your strategy.

     

    Deferred Compensation Highlights:

    • Flexible Contributions: Start with as little as $5 per pay period, up to the IRS limit of $22,500 per year (with higher limits for eligible ages).
    • Investment Choices: Choose from a wide variety of investment options to match your goals, including self-directed options for experienced investors.
    Learn more about the Deferred Compensation Plan