What is PSERS?

1. Earn more from the investment portfolio (take more risk)

2. Raise contribution rates for those still working and contributing to the plan (employees and/or employers)

3. Reduce benefits As of June 2014, PSERS held $50B in assets. During the preceding 12 months, the plan took in $2.1B in contributions, earned $4.3B in investment income, and paid out $4.3B in benefits. About one-third of the contributions were from employees, and two-thirds of contributions were made by employers (schools). As of 2013, PSERS had almost 600 thousand participants:

4. 273,000 active members (paying in)

5. 122,000 inactive members and vested members (neither contributing nor receiving benefits)

6. 200,000 members receiving benefits (payout phase). In UCFSD, we have approximately 700 active members (paying in) and 370 members receiving benefits.  I'll provide some interesting stats on both populations in a future post.