• The Pennsylvania State System of Higher Education Retirement Program offers two types of retirement plans to eligible employees: a defined benefit plan and a defined contribution plan:

    • Defined Benefit Plan Option - Retirement income is based on a fixed formula that considers your years of service, age, and final average salary.  The retirement benefit amount for vested participants is guaranteed and not affected by the investment earnings of the plan.
    • Defined Contribution Plan Option - Retirement income is determined by your account balance at the time of retirement, which is comprised of both employee and employer contributions and any investment earnings based on the performance of the investments you choose.
    • If you are a current member of the Public School Employees' Retirement System (PSERS), you may elect to continue your enrollment with PSERS, or elect SERS and opt for multiple service which combines service in both SERS and PSERS to received a single retirement benefit, or you may enroll in the ARP.