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PSERS, founded in 1917, began operations in 1919 to oversee a statewide defined benefit pension plan for public school employees. PSERS role expanded upon the passage of Act 5 of 2017 to include oversight of two new hybrid options consisting of defined benefit and defined contribution (DC) components and a stand-alone DC plan. As of Dec. 31, 2021, PSERS had net assets of $75.1 billion and a membership of about 256,000 active, 240,000 retired school employees and 26,000 vested inactive members
Pennsylvania retirement,public pension,defined benefit,and defined contribution
Pennsylvania public school employees retirement system (psers) operates in the Government administration industry.
Pennsylvania public school employees retirement system (psers)'s revenue is 11m - 100m
Pennsylvania public school employees retirement system (psers) has 51 - 200 employees.
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