Mass State Retirement
The State Employee Retirement Plan (SERS)
The State Employee Retirement Plan (SERS) is a mandatory defined benefit plan for eligible employees in which 9% of the employee鈥檚 salary plus an additional 2% of any earnings over $30,000 will be deducted on a pre-tax basis each pay period and invested the plan. Annually, employees will receive a statement of their account which includes contributions, interest earned and balance. Vesting is 10 years after credible service. For more detailed information on SERS, please visit the .
The mandatory retirement plans shown above is selected as a result of employment in
a job not covered by social security. Under the Social Security law, there are two
ways your Social Security benefit amount may be affected: Windfall Elimination Provision
and the Government Pension Offset Provision. For more information view the .