Pennsylvania Public School Employees Retirement System
public plan · State of Pennsylvania · Pittsburgh, PA
ACTIVE
D
Pension Health Score
48/100
Funding Status60% Funded
0%80% threshold100%
$73.0B
Total Assets
$122.5B
Total Liabilities
$49.5B
Unfunded Liability
538,846
Participants
Funding History
What This Means for You
Pennsylvania Public School Employees Retirement System is significantly underfunded at 60%, with $49.5B in unfunded liabilities affecting 538,846 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. Public plans cannot declare bankruptcy, but severe underfunding may lead to reduced cost-of-living adjustments or increased employee contributions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $73.0B | $122.5B | 59.6% | $3.9B |
| 2024 | $69.2B | $126.9B | 54.5% | $3.8B |
| 2023 | $69.4B | $114.8B | 60.5% | $4.0B |
| 2022 | $66.6B | $123.0B | 54.2% | $3.0B |
| 2021 | $64.2B | $103.9B | 61.8% | $4.0B |