What happens to my retirement benefits if I decide to return to work for an employer that participates in SERS?
If you retire under Normal or Early Retirement and subsequently return to State Service, (or to PSERS service as a Multiple Service member), your monthly pension benefits from SERS will stop. What happens when you retire a second time will depend largely on how long you work after returning to service. If you return, earn less than three service credits (equivalent to three years of full-time work), and then retire again, you will be entitled to: • The amount you previously had been receiving (or an actuarially equivalent amount paid under a different option) AND • A separately calculated amount based on your years and class of service during your second term of employment, using a Final Average Salary that may include earnings during both periods of service. If you return to service and earn three or more service credits you will be entitled to the better of either: • A pension calculated as described above OR • A pension calculated combining both periods of service, so that, for inst
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