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• PSERS Member Handbook Plan 2
• Summary of benefits
• PSERS Plan 2 highlights
• When should I start planning for retirement?
• Plan 2 membership definition
• Ineligible membership
• What if I’ve previously been a member of another retirement system?
• Who pays for my benefits?
• What is service credit?
• What if I leave my PSERS position?
• When can I retire?
• How do I retire?
• How is my benefit calculated?
• How does retirement before age 60 affect my benefit?
• What are my benefit options?
• What is the purchase additional service credit option?
• What benefits do my survivors receive?
• Designating a beneficiary
• What if I become disabled?
• What if I work after retirement?
• Am I eligible for health insurance coverage after I leave employment?
• Why does DRS need my Social Security number?
• Taxation and assignment of benefits
• Administrative information
• Contacting DRS
• PDF version of handbook

When Can I Retire?

Eligibility

You are eligible to retire if you are:

• Age 65 or older and have at least five service credit years; or
• Age 60 with 10 years of PSERS service credit; or
• Age 53 with 20 years of service credit. You would receive a reduced benefit.
• See “How does retirement before age 60 affect my benefit”.