Each January, eligible Plan 2 members of Teachers' Retirement System (TRS), School Employees' Retirement System (SERS) and Public Employees' Retirement System (PERS) have the opportunity to transfer to Plan 3. The decision to transfer to Plan 3 is irrevocable - once a decision is made to transfer to Plan 3, you cannot return to Plan 2.
TRS and SERS Plan 2 members employed in eligible positions who earn service credit in January can transfer to Plan 3.
PERS Plan 2 members employed in eligible positions at a state agency or higher education employer who first established membership prior to March 1, 2002; and PERS Plan 2 members employed in eligible positions with a local government employer who first established membership prior to September 1, 2002 can transfer to Plan 3.
New PERS, SERS and TRS members* make an irrevocable plan choice within 90 days of hire. If you are a new member who chose Plan 2, you do not have the option of transferring to Plan 3.
New PERS members are persons hired on or after March 1, 2002 for state agency or higher education employers, and on or after September 1, 2002 for local government employers.
New SERS members are persons hired on or after July 1, 2007, unless they had prior service in Public Employees' Retirement System Plan 2*.
New TRS members are persons hired on or after July 1, 2007.*
* If a court of law decides the repeal of gain sharing is invalid, new SERS and TRS members hired after the court decision will be mandated into Plan 3.
| Plan 2 Retirement System | Employment Conditions | Next Transfer Opportunity |
|---|---|---|
| TRS | Eligible position before July 1, 2007 and earn service credit in the January you transfer | January 2009 |
| TRS Substitute Teacher | TRS Plan 2 member before July 1, 2007 and purchasing substitute time | At the time of payment |
| SERS | Eligible position before July 1, 2007 and earn service credit in the January you transfer | January 2009 |
| SERS with prior PERS service | Eligible position with prior PERS Plan 2 service | January 2009 |
| SERS Substitute | SERS Plan 2 member purchasing substitute time | At the time of payment |
| PERS | Eligible position and earn service credit in the January you transfer | January 2009 |
Complete a Member Information Form and submit it to your employer during the month of January.
