Welcome to the School District of Philadelphia!
The School District of Philadelphia (SDP) 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 will join over a half million fellow public school employees who are referred to as members to PSERS. You will contribute to your own personal PSERS pension account and profit from having a safe, secure, and guaranteed benefit payment(s) from one of the largest public pension plans in the nation.
The pension is mandatory for all employees scheduled to work 25 hours or more a week. There are many benefits to being enrolled:
- Saving for your future through automatic contributions from your pay
- Interest gained on your pension each year which increases your balance saved
- Money you can access upon separation including interest gained
- The longer you contribute (10 years or more), eligibility to be vested
- Supplemental income to social security benefits
- Savings for beneficiaries in the event of your death
Depending on your membership class, you may have a stand-alone Defined Benefit (DB) Plan, a stand-alone Defined Contribution (DC) Plan, or a hybrid with both DB and DC components. PSERS pension contributions are housed as your DB plan. Hybrid plans require contributions separately to the DC plan with wealth and investment company, Voya Financial Inc. Only members contributing for the first time effective July 1, 2019 to the present would either be in a hybrid plan or a stand-alone DC plan. Members who contributed prior to July 1, 2019 would remain in the same pension class at the time of hire which are stand-alone DB plans with PSERS only.
To view your personal pension information or to change your pension class enrollment, please register for the PSERS’ Member Self Service portal. You will need your PSERS ID number to do so. This can only be obtained from documents received from PSERS either in the US postal mail or email or by contacting them directly at 1-888-773-7748. The self-service portal also allows members to see other pertinent data included but not limited to their current and past work statuses with PSERS, what salary, service and contributions have been reported per school year, beneficiaries (and the ability to update beneficiaries) and demographic information. If you are enrolled in a Voya plan, all changes with PSERS will be automatically sent to Voya from PSERS.
To register or view general and personal information regarding Voya and your DC plan, please visit here or call 1-833-432-6627.
The pension department has limited accessibility to member data. The pension department can only see and update your demographic information (excluding the ability to update the SSN or date of birth) and work statuses.
Although you are auto-enrolled, we ask that you take 2-3 minutes to complete the pension enrollment form by hovering a smart phone’s camera over the QR code below. There is also a pension presentation with additional information. You may also here to access the enrollment form. To view just the presentation, please visit the Pension Information.
Please Note: Pension Counseling Emails
We remind you that neither PSERS nor the School District of Philadelphia will provide your contact information to third parties. If you receive unsolicited calls or emails offering retirement counseling or investment, please use caution and do not provide personal information.
Pension Class Enrollment
The rate associated with each class is the percentage of your pre-tax salary that is deducted each pay.By default, members contributing for the first time effective 7/1/2019 to the present are enrolled in pension Class TG. New members have 90 calendar days from the first day worked, to enroll in one of two other pension classes: Class TH and Class DC. Switching to a different class is a lifetime enrollment that is irrevocable. If a new member does not switch to a different class, PSERS will assume you want to remain in Class TG which is also a lifetime, irrevocable enrollment.
| Class T-G (Default) Hybrid Plan | Class T-H Hybrid Plan | Class DC Standalone Plan (no DB/pension ) |
|
|---|---|---|---|
| Total Member Contribution Rate | 9.00% (DB: 6.25% + DC: 2.75%) | 7.50% (DC: 7.50%) | 8.25% (DB: 5.25% + DC: 3.00%) |
| Employer Contribution Rate to Member's DC Account Only | 2.25% | 2.00% | 2.00% |
If you began contributing to PSERS prior to 7/1/2019, you are enrolled in one of the following classes: TC, TD, TE, or TF. To confirm which class you are enrolled, you may contact PSERS directly. For detailed information, please click here.
Why are there two Retirement deductions on my paycheck?
Members enrolled in a hybrid plan will see two ‘RETIREMENT’ deductions from their pay. This is because the contributions are going to two different entities (PSERS and Voya) and must be deducted separately.
Annual PSERS Statement of Account
PSERS sends members an annual statement of their account typically around November or December. The statement outlines salary, service and contributions earned from July 1-June 30 of the school year prior. If you are enrolled in the hybrid plan or stand-alone, DC plan with Voya, you will also receive an annual statement from Voya typically in the spring. Click here for more information.
Important Notice about PSERS’ determination regarding service credit for Directed Quarantine Leave
Because quarantine leave is viewed as 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 pension eligible and will not count for service credit. Information on this leave is published on the Employee Health Services Website.
Virtual Office Hours
The Pension Office offers virtual office hours twice a month on Wednesdays from 3:30 pm to 4:00 pm. The Pension Office will be available to answer any general questions concerning the pension. For:
New Hires: Register in advance here
Separating from Service: Register in advance here
For specific information about your pension, please contact PSERS directly. If you are not able to join our office hours, please feel free to register for the next one or contact our office directly.