The benefit rate for members of the Public School Employees Retirement System (PSERS) has been raised for PSERS members, retirees, and beneficiaries with retirements on or after 8/1/2012, from $16.00 to $16.50 per month per year of service.  This increase is effective 7/1/2023 and will be reflected in the July 2023 pension payment.

To learn more about your PSERS retirement benefit, please visit the PSERS plan page.