Retirement and Savings Plan Information

Human Resources Benefits

Retirement and Savings Plan Information

Benefits Coordinator

    Kim Seigfreid |
    134 Waller Administration Building
    570-389-4018 | Fax: 570-389-3085

Retirement Program Comparison

Enrollment in the retirement program is available to all permanent, full-time and part-time employees. Eligibility for part-time employees varies based on position and pay schedule. Employees have 30 days from the first date of eligibility to select enrollment, or the employee will be automatically enrolled in the SERS retirement plan.

Once the retirement plan selection has been made it cannot be changed.

Prospective Retirement Information

  • Prospective Retirement
  • Retirement Guide
  • Retirement Checklist
  • State Retirement Programs

    The two state retirement programs offered to PASSHE employees (SERS and PSERS) are similar in that they determine the retirement benefit based on a fixed formula that considers years of service, age and final average salary. The benefit amount is guaranteed and not affected by the investment earnings of the plan. Employees are 100% vested in state retirement plan after five years of service (10 years if employment began after Jan. 1, 2011).

    Alternative Retirement Plan

    The Alternative Retirement Plan (ARP) works very differently in the way it calculate retirement income. Employee and employer contributions are paid to the employee's retirement account, and employees make investment decisions about their own account. The benefit is determined by the account balance, which is made up of all contributions plus any investment earnings. Employees may invest their ARP contributions with Fidelity Investments, TIAA-CREF or VALIC. ARP Enrollment Form | ARP Allocation Change Form

    Emeritus E-Mail Privilege

    Individuals who have been granted emeritus status, or anticipate being granted emeritus status, may request the privilege of maintaining a university email account. The granting of the email privilege is based upon emeritus status, and the individual providing voluntary services to the university.

    Separated individuals who have already been granted emeritus and are requesting an email account should complete the Emeritus Request for email form.

    Current faculty/staff anticipating retirement should complete the email Account Request for Employees Anticipating Emeritus Status.

    These forms should be submitted to Wayne Mohr for appropriate routing and approvals.