Community College of Allegheny County (CCAC)

Community College of Allegheny County

State Employees Retirement System (SERS)

Contact Information:

Counseling Service                   412.770.1148

Web Page                                www.sers.state.pa.us

 


Current Plan:

·    Members contribute 6.25 percent of gross salary. Participants new to enrolling to SERS
     contribute 9.3 percent of gross salary.

·    College contribution is determined each July 1 by state.

·    For the 2002-2003 year the state requires no employer contribution.

·    Employee's contribution is tax deferred.  

·    SERS has a 10-year vesting period. 

Retirement benefits for both the SERS and PSERS plans are based on the average of the three highest years of salary  x  2.5 percent  x  number of years in the plan. Several income options are available at time of retirement.