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February 23, 2010www.psers.state.pa.us1
An Update on PSERS
Rate Spike/Plateau Presentation
Dover, Northern, Spring Grove, and West York SchoolDistrictsDover High School
February 23, 2010www.psers.state.pa.us2
PSERS’ Overview
PSERS’ Overview
The Public School Employees’
Retirement System (PSERS) isa governmental, (non ERISA),mandatory, multi-employer,defined benefit pension planfor Pennsylvania schoolemployees
PSERS was established on July18, 1917 and thus is one of theoldest public pension plans inthe United States
PSERS principal plan
document”is the Public SchoolEmployes’ Retirement Code, 24
Pa.C.S. §8101
et. seq.
PSERS is governed by a 15person Board of Trustees, andhas a complement of 310employees
PSERS serves over 547,000members
PSERS managesassets of approximately $46.7billion as of December 31, 2009PSERS is the 16thlargest state-sponsored defined benefit pensionfund in the nation according to
Pensions and Investments Magazine
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