PA SERS administers pension and other benefits for substantially all employees of the Commonwealth of Pennsylvania.
Pennsylvania State Employees Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Pennsylvania State ERS |
33,607.2 |
239,230 |
| Other Plans |
0 |
0 |
| Total |
33,607.2 |
239,230 |
Source: Public Plans Database (as of 2022)
Note: Pennsylvania State Employees Retirement System has 0 other plans.
Assets
Assets at Year-End
Pennsylvania State Employees Retirement System
2001-2022
| Fiscal Year |
Net Assets (billions) |
| 2001 |
24.7 |
| 2002 |
20.9 |
| 2003 |
24.5 |
| 2004 |
26.6 |
| 2005 |
28.8 |
| 2006 |
32.1 |
| 2007 |
35.5 |
| 2008 |
22.8 |
| 2009 |
24.7 |
| 2010 |
25.9 |
| 2011 |
24.4 |
| 2012 |
25.4 |
| 2013 |
27.4 |
| 2014 |
27.3 |
| 2015 |
26.1 |
| 2016 |
26.4 |
| 2017 |
29.4 |
| 2018 |
26.9 |
| 2019 |
31.1 |
| 2020 |
35.0 |
| 2021 |
40.2 |
| 2022 |
33.6 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| Fiscal Year |
Pennsylvania State Employees Retirement System |
US State and Local Pensions |
| 2001 |
1.2 |
2.4 |
| 2002 |
1.2 |
2.3 |
| 2003 |
1.2 |
2.2 |
| 2004 |
1.1 |
2.1 |
| 2005 |
1.1 |
2.1 |
| 2006 |
1.1 |
2.0 |
| 2007 |
1.0 |
2.0 |
| 2008 |
1.0 |
1.9 |
| 2009 |
1.0 |
1.9 |
| 2010 |
1.0 |
1.8 |
| 2011 |
0.9 |
1.7 |
| 2012 |
0.9 |
1.6 |
| 2013 |
0.9 |
1.5 |
| 2014 |
0.9 |
1.4 |
| 2015 |
0.8 |
1.4 |
| 2016 |
0.8 |
1.4 |
| 2017 |
0.8 |
1.4 |
| 2018 |
0.8 |
1.3 |
| 2019 |
0.8 |
1.3 |
| 2020 |
0.8 |
1.3 |
| 2021 |
0.7 |
1.2 |
| 2022 |
0.7 |
1.2 |
2022 Membership for Pennsylvania State Employees Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 96,395 |
135,647 |
7,188 |
239,230 |
104 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Pennsylvania State Employees Retirement System
2001-2022
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-948.8 |
24,706.1 |
| 2002 |
-1,095.2 |
20,879.6 |
| 2003 |
-1,279.3 |
24,535.9 |
| 2004 |
-1,463.9 |
26,641.4 |
| 2005 |
-1,512.3 |
28,751.9 |
| 2006 |
-1,429.1 |
32,052.8 |
| 2007 |
-1,783.4 |
35,516.2 |
| 2008 |
-1,659.2 |
22,795.8 |
| 2009 |
-1,695.4 |
24,661.9 |
| 2010 |
-1,852.3 |
25,886.1 |
| 2011 |
-1,989.4 |
24,377.2 |
| 2012 |
-1,782.8 |
25,389.3 |
| 2013 |
-1,719.2 |
27,394.2 |
| 2014 |
-1,518.4 |
27,337.8 |
| 2015 |
-1,370.9 |
26,054.9 |
| 2016 |
-1,253.9 |
26,387.9 |
| 2017 |
-1,048.9 |
29,405.0 |
| 2018 |
-978.1 |
26,937.0 |
| 2019 |
-1,016.3 |
31,096.3 |
| 2020 |
12.1 |
35,027.7 |
| 2021 |
-479.2 |
40,231.0 |
| 2022 |
-1,410.5 |
33,607.2 |
2022 Cash Flows for Pennsylvania State Employees Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 2,493.6 |
3,904.1 |
-5,213.3 |
-6,623.8 |
Cash Flow as a Percentage of Assets
Pennsylvania State Employees Retirement System
2001-2022
| Fiscal Year |
Pennsylvania State Employees Retirement System |
National Average |
| 2001 |
-3.8 |
-2.1 |
| 2002 |
-5.2 |
-2.4 |
| 2003 |
-5.2 |
-2.6 |
| 2004 |
-5.5 |
-2.0 |
| 2005 |
-5.3 |
-2.2 |
| 2006 |
-4.5 |
-2.2 |
| 2007 |
-5.0 |
-2.1 |
| 2008 |
-7.3 |
-2.3 |
| 2009 |
-6.9 |
-3.1 |
| 2010 |
-7.2 |
-3.2 |
| 2011 |
-8.2 |
-3.1 |
| 2012 |
-7.0 |
-3.3 |
| 2013 |
-6.3 |
-3.1 |
| 2014 |
-5.6 |
-2.9 |
| 2015 |
-5.3 |
-2.8 |
| 2016 |
-4.8 |
-3.0 |
| 2017 |
-3.6 |
-2.9 |
| 2018 |
-3.6 |
-2.6 |
| 2019 |
-3.3 |
-2.6 |
| 2020 |
0.0 |
-2.4 |
| 2021 |
-1.2 |
-2.1 |
| 2022 |
-4.2 |
-2.1 |
