34 employees reported this benefit
It use to be better but like everything it is getting worse. If you were hired before 2019 it’s not too bad
Pretty decent and based on years of service and last salary.
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.
Best part is the defined benefit plan
Be careful - there were mistakes made to what I subscribed to and I lost money!!!
Have to work 35 yrs for full benefit or be of retirement age.
How quickly it accumulates into a substantial amount.