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PENSION CRISIS: PSERS and SERS by the numbers

By - Last modified: September 21, 2012 at 7:11 AM

Public School Employees' Retirement System

(as of June 30, 2011)

• 589,000 members: 279,000 active, 195,000 retirees/beneficiaries, 115,000 vested inactive

• $23,897 average annual annuity

• 12.36 percent employer contribution rate

• 7.4 percent member average contribution rate

• 756 employers, including 500 school districts

• $51.4 billion in assets

• 69.1 percent funded (was 75.1 percent as of June 30, 2010)

• $26.5 billion unfunded liability

• 7.5 percent assumed investment rate of return

• 5.97 percent actuarial rate of return between June 30, 2010, and June 30, 2011

State Employees' Retirement System

(as of Dec. 31, 2011)

• 228,000 members: 107,000 active, 115,000 retirees/beneficiaries, 6,000 vested inactive

• $24,448 average annual annuity

• 11.5 percent employer average contribution rate (range 4.83 percent to 16.14 percent)

• 6.25 percent member average contribution rate (range 5 percent to 10 percent)

• 107 employers

• $24.1 billion in assets

• 65.3 percent funded (was 75.2 percent as of Dec. 31, 2010)

• $14.7 billion unfunded liability

• 7.5 percent assumed investment rate of return (applies to 2012)

• 2.7 percent investment return for 2011

Click here to download a PDF file of the costs of PSERS pension increases to school districts.

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jasons@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

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