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07/01/2019

Statement from PSERS Executive Director Glen Grell on the Dawn of Act 5

Comment from

Glen R. Grell, Executive Director

Public School Employees’ Retirement System

on the Implementation of Act 5 of 2017

“Today ushers in a new dawn across Pennsylvania’s public pension landscape as the new benefit structure created under Act 5 of 2017 takes effect at PSERS,” said PSERS Executive Director Glen Grell.

“PSERS’ professional staff and Board of Trustees, together with our partners, have launched a best-in-class platform to support the new retirement structure that includes a defined contribution component for the first time in PSERS history.”  

“For over 100 years, PSERS has provided secure retirement benefits for millions of public school employees. We continue that tradition by offering our members strong and diversified DC investment options and resources, coupled with the security of a defined benefit plan, to help them navigate a path to meet their own retirement goals. PSERS will be there for our members throughout their journey.”