Virtual Office Hours
The Retirement Office is offering virtual office hours on Wednesdays, 3:30 pm to 4:00 pm. The Retirement Office will be available to answer any general questions concerning your Public School Employees Retirement System. For specific information on your plan, please contact PSERS directly. Register in advance for this meeting:
Questions about PSERS Pension Eligibility and Wage Continuation Program? Click here.
The 2022 District-Wide Survey is open now. Let your voice be heard! Access the survey here.
Why are there two Retirement deductions on my paycheck?
Anyone enrolled in PSERS for the first time on or after 7/1/2019 will be enrolled in a hybrid plan called, Class T-G. This plan consists of two components:
- Defined Benefit (DB) , which may qualify you for a monthly pension check at retirement in addition to what you contributed.
- Defined Contribution (DC) which is a 401(a) investment account. Gains/losses to this account are based on the stock market.
Each component’s contribution goes to its own account. Your DB contributions go to your account with PSERS and your DC goes to your account with a company called Voya. Because your contributions are going to two different entities, you will see two separate deductions in your pay: one for each (an example is below).
If you did not change from the Class T-G enrollment in your first 90 calendar days of employment, you will remain in Class T-G as a lifetime enrollment. The other two class options are T-H and DC. Class T-H is the same plan as Class T-G, just a lower rate and the DC plan is a standalone plan only contributing to Voya (you do not have a pension plan with this class).
Those who contributed to PSERS prior to 7/1/2019 will remain in the same class at the time of enrollment.* Please contact PSERS directly to obtain your class or by logging into this portal (you will need your member ID which can be obtained from mail from PSERS or by contacting PSERS directly): Member Self Service Portal. You can also find instructions on how to navigate the portal there.
*Some exceptions may apply
For more information about enrollment in these plans, please click here.
Welcome to the Office of Retirement
The School District of Philadelphia is a participant of the Public School Employees’ Retirement System (“PSERS”). PSERS is an agency of the Commonwealth of Pennsylvania who administers the pension plan for Pennsylvania’s public school employees.
As a PSERS member, you’ll join with over a half million fellow public school employees who are also members. You’ll contribute to your own personal PSERS retirement account and profit from having a safe, secure, and guaranteed benefit payment(s) from one of the largest public pension plans in the nation. PSERS can be contacted at 888-773-7748.
We remind you that neither the Public School Employees’ Retirement System (PSERS) nor the School District of Philadelphia provide your contact information to third parties. You will not receive unsolicited calls or emails offering retirement counseling or investment advice from us. Please use caution and do not provide personal information to anyone you may not know.
PSERS’ Pension Updates
You have 90 days from your plan enrollment to move into either of the alternate plans, T-H or Class DC. Enrollment into a new class is irrevocable. If no action is taken, you will remain a lifetime member of class T-G. Visit the ‘New to PSERS’ page here.
If you are new or returning to the SDP, please review this Retirement Pension Plan presentation on how your pension enrollment will work.
The Public School Employees’ Retirement System (PSERS) announced an increase in employee contributions, effective July 1, 2021, for members enrolled in their “Shared Risk Plans”. Employees enrolled in a PSERS plan on or after July 1, 2011 are impacted. Members T-E and T-F Plans will have a 0.50% increase in their contribution rates, those in T-G and T-H Plans have a 0.75% increase. For any questions, please contact PSERS toll-free directly at 1-888-773-7748, or use their contact form.
Click HERE for more information!
PSERS sends you an annual statement of your account in the late fall each year that includes information through June of the prior School Year. Click here for more information.
Important Notice about PSERS’ determination regarding service credit for Families First Coronavirus Response Act (FFCRA) Leaves
Because the CARES ACT is additional paid leave and not an earned leave as sick and vacation time are, the Pennsylvania Public School Employees’ Retirement System (PSERS), has determined that this leave is not retirement eligible and will not count for service credit. This may impact your final pension earnings and impact your service credit as it relates to vesting and service credit. Information on these leaves is published on the Employee Health Services Website.
Effective August 13, 2021, once a retirement or resignation is acknowledged by the District, the notice will be presented at the next Board meeting, at which time it may not be withdrawn or changed without approval from the District. If you wish to rescind or change your separation, you must submit a request to your supervisor. Your supervisor will then work with the Office of Talent, whose team will then advise you of the decision in writing.