Employee Calendar

PSERS H.B. 2497 Benefit Changes Summary

H.B. 2497 was passed by the General Assembly. The benefit reductions contained in this legislation will only impact individuals who become new members of PSERS on or after July 1, 2011. Any existing or former members of PSERS who return to service on or after July 1, 2011 will retain their old membership status. The current pension benefit that a PSERS retiree receives is not impacted by the legislation.

Impact on Current Member of PSERS

  • Once a member qualifies for membership all service earned as a member after the initial qualification will be considered qualified. Previously members had to qualify each year (500 hours or 80 days for hourly and per diem employees).
  • Creates a three-year window beginning July 1, 2011 for current active members to file an application to purchase Non-Qualifying Part-Time service (NQPT). Current members who are inactive but return to active service after July 1, 2011, will have a one-year window to purchase NQPT service.

These are the only changes that effective current members of PSERS. Any and all new class changes will only effect employees hired “After” July 1, 2011. If you are currently enrolled in the PSERS retirement system nothing changes for your retirement benefits package.