SERS Argumentative Essay

Satisfactory Essays
Since 1923, the Pennsylvania State Employees’ Retirement System, or SERS for short, has existed to provide employees with a retirement plan for when they are no longer able to work. The SERS website explains that, “SERS is a multiple-employer, cost-sharing defined benefit plan.” Along with establishing the pension plan in 1923, a law called the Pennsylvania Employee Requirement Code was enacted, which, “requires that most state employees be SERS members and, typically, employers automatically enroll new hires.” Essentially this law set the foundation that all state employees are required to be a part of the pension plan. The SERS website explains that employees must pay around 6.25% of their annual salary originally for five years, now
Get Access