Commonwealth of Pennsylvania Employee Benefit: Pension Plan | Glassdoor

Commonwealth of Pennsylvania Pension Plan

34 employees reported this benefit

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Available to US-based employees (Change location)

Employee Comments

Showing 1–7 of 7
  • Feb 28, 2019
    StarStarStarStarStar Current Employee in Wilkes-Barre, Pennsylvania

    It use to be better but like everything it is getting worse. If you were hired before 2019 it’s not too bad

  • Nov 03, 2017
    StarStarStarStarStar Former Income Maintenance Caseworker in Pittsburgh, Pennsylvania

    Pretty decent and based on years of service and last salary.

  • May 12, 2015
    StarStarStarStarStar Former Application Developer I in Harrisburg, Pennsylvania

    You can potentially retire a little early if you have enough years of service in (I believe 30 or 35), and time spent as a teacher may count in this if you transition to another role as a government employee (I am uncertain if SERS and PSERS share funds or not, so take my statement with caution). Last I checked, the Pension plan currently has 50 billion dollars in unfunded liabilities, so there is a question how sustainable this will be in the long term and newer hires in the years down the road may have a 401k-style plan instead if it ever goes through the legislature and governor's office. Retirement income is untaxed by the Commonwealth of Pennsylvania for state income tax purposes, which may be a consideration if you are considering working for and retiring within Pennsylvania.

  • Mar 19, 2015
    StarStarStarStarStar Current Employee in Harrisburg, Pennsylvania

    Best part is the defined benefit plan

  • Nov 14, 2014
    StarStarStarStarStar Former VRC in DuBois, Pennsylvania

    Be careful - there were mistakes made to what I subscribed to and I lost money!!!

  • Nov 05, 2014
    StarStarStarStarStar Current Employee in Harrisburg, Pennsylvania

    Have to work 35 yrs for full benefit or be of retirement age.

  • Aug 06, 2014
    StarStarStarStarStar Former audit supervisor in Pittsburgh, Pennsylvania

    How quickly it accumulates into a substantial amount.

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