Eligibility

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

 

State Employees Retirement System (SERS)

  • General Phone Number           (800) 633-5461

 

Teachers Insurance and Annuity Association/College Retirement Equities Fund (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 are 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.

PLEASE NOTE: You 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 choose a retirement plan, it is irrevocable.  You may not change retirement plans.  However, you 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