The Pennsylvania Public Schools ERS administers pension and other benefits for employees of public school districts, including school teachers, in Pennsylvania.
Pennsylvania Public School Employees Retirement System Basics, by Plan
Source: Public Plans Database (as of 2022)
Note: Pennsylvania Public School Employees Retirement System has 0 other plans.
Assets
Assets at Year-End
Pennsylvania Public School Employees Retirement System
2001-2022
| Fiscal Year |
Net Assets (billions) |
| 2001 |
48.1 |
| 2002 |
43.5 |
| 2003 |
42.3 |
| 2004 |
48.3 |
| 2005 |
51.9 |
| 2006 |
57.2 |
| 2007 |
67.3 |
| 2008 |
62.5 |
| 2009 |
43.0 |
| 2010 |
45.6 |
| 2011 |
51.2 |
| 2012 |
48.5 |
| 2013 |
49.0 |
| 2014 |
53.0 |
| 2015 |
51.6 |
| 2016 |
49.8 |
| 2017 |
53.2 |
| 2018 |
56.4 |
| 2019 |
58.7 |
| 2020 |
58.6 |
| 2021 |
72.0 |
| 2022 |
70.5 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| Fiscal Year |
Pennsylvania Public School Employees Retirement System |
US State and Local Pensions |
| 2001 |
1.8 |
2.4 |
| 2002 |
1.7 |
2.3 |
| 2003 |
1.7 |
2.2 |
| 2004 |
1.6 |
2.1 |
| 2005 |
1.6 |
2.1 |
| 2006 |
1.6 |
2.0 |
| 2007 |
1.6 |
2.0 |
| 2008 |
1.6 |
1.9 |
| 2009 |
1.6 |
1.9 |
| 2010 |
1.5 |
1.8 |
| 2011 |
1.4 |
1.7 |
| 2012 |
1.4 |
1.6 |
| 2013 |
1.3 |
1.5 |
| 2014 |
1.2 |
1.4 |
| 2015 |
1.2 |
1.4 |
| 2016 |
1.1 |
1.4 |
| 2017 |
1.1 |
1.4 |
| 2018 |
1.1 |
1.3 |
| 2019 |
1.1 |
1.3 |
| 2020 |
1.1 |
1.3 |
| 2021 |
1.0 |
1.2 |
| 2022 |
1.0 |
1.2 |
2022 Membership for Pennsylvania Public School Employees Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 247,873 |
246,901 |
null |
494,774 |
789 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Pennsylvania Public School Employees Retirement System
2001-2022
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-1,416.8 |
48,097.0 |
| 2002 |
-2,098.1 |
43,473.2 |
| 2003 |
-2,177.6 |
42,316.4 |
| 2004 |
-2,218.7 |
48,339.6 |
| 2005 |
-2,479.7 |
51,936.4 |
| 2006 |
-2,636.3 |
57,235.7 |
| 2007 |
-2,589.0 |
67,341.0 |
| 2008 |
-3,084.9 |
62,473.4 |
| 2009 |
-3,276.2 |
42,995.5 |
| 2010 |
-3,510.7 |
45,598.5 |
| 2011 |
-3,644.6 |
51,200.0 |
| 2012 |
-3,759.5 |
48,533.8 |
| 2013 |
-3,644.2 |
49,015.6 |
| 2014 |
-3,133.2 |
52,980.1 |
| 2015 |
-2,681.6 |
51,585.5 |
| 2016 |
-2,226.7 |
49,832.1 |
| 2017 |
-1,672.1 |
53,155.3 |
| 2018 |
-1,425.7 |
56,363.7 |
| 2019 |
-1,258.5 |
58,733.9 |
| 2020 |
-1,178.9 |
58,556.8 |
| 2021 |
-1,344.1 |
71,967.4 |
| 2022 |
-1,171.9 |
70,528.2 |
2022 Cash Flows for Pennsylvania Public School Employees Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 6,132.0 |
7,303.8 |
-267.3 |
-1,439.1 |
Cash Flow as a Percentage of Assets
Pennsylvania Public School Employees Retirement System
2001-2022
| Fiscal Year |
Pennsylvania Public School Employees Retirement System |
National Average |
| 2001 |
-2.9 |
-2.1 |
| 2002 |
-4.8 |
-2.4 |
| 2003 |
-5.1 |
-2.6 |
| 2004 |
-4.6 |
-2.0 |
| 2005 |
-4.8 |
-2.2 |
| 2006 |
-4.6 |
-2.2 |
| 2007 |
-3.8 |
-2.1 |
| 2008 |
-4.9 |
-2.3 |
| 2009 |
-7.6 |
-3.1 |
| 2010 |
-7.7 |
-3.2 |
| 2011 |
-7.1 |
-3.1 |
| 2012 |
-7.7 |
-3.3 |
| 2013 |
-7.4 |
-3.1 |
| 2014 |
-5.9 |
-2.9 |
| 2015 |
-5.2 |
-2.8 |
| 2016 |
-4.5 |
-3.0 |
| 2017 |
-3.1 |
-2.9 |
| 2018 |
-2.5 |
-2.6 |
| 2019 |
-2.1 |
-2.6 |
| 2020 |
-2.0 |
-2.4 |
| 2021 |
-1.9 |
-2.1 |
| 2022 |
-1.7 |
-2.1 |
