Eligibility

Full-time Faculty and Staff are eligible to participate in one of two mandatory retirement plans:

State Employees Retirement System (SERS)

  • General Phone Number           (800) 633-5461
  • Local Office - State College    2525 Green Tech Drive, Suite AA                                                                                                State College, PA  16803

Penn State Alternate Retirement Plan (Administered by TIAA–CREF)

  • General Phone Number          (800) 842-2252
  • Local Office – State College    (814) 278-5000
                                                 328 Innovation Boulevard
                                                 Suite 301
                                                 State College, PA 16803

Part-time Faculty and Staff: Eligible to participate in one of the two retirement plans once they have worked 750 hours in a given calendar year. Employees who meet the hourly requirement will be contacted by their unit's Human Resources Representative to discuss enrollment.  All elections must be received within 30 days of notification of eligibility or you will be automatically be enrolled in SERS, based on state regulations.  Once you are enrolled in a retirement plan, the enrollment is irrevocable.  However, you may enroll in a TIAA-CREF supplemental retirement plan at any time. 

Full-time Faculty and Staff:  Have 30 days from the effective date of your appointment to choose your retirement plan.  If you do not make your decision within that time period, state regulations require that you automatically be enrolled in SERS.  Once you are enrolled in a retirement plan, the enrollment is irrevocable. However, you may enroll in a TIAA-CREF supplemental retirement plan at any time.

Postdoctoral Employees: Are not eligible to participate in the mandatory retirement plan, but may enroll in a TIAA-CREF supplemental retirement plan at any time. 

 

Retirement Plan Comparison

To see the retirement plan comparisons, please choose the option below that pertains to you:

Hired prior to 2011
OR
Have ever participated in
State Employees' Retirement System (SERS)
Hired after 2011
AND
Never made contributions to
State Employees' Retirement System (SERS)

Presentations

Additional Resources