Pennsylvania State Archives
RG-59
Records of the STATE EMPLOYEES' RETIREMENT SYSTEM
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The State Employees' Retirement System (SERS), established in 1923, was recodified and amended in 1959 and comprehensively revised by Act 31 in 1974. The Board is an independent administrative organization of the Commonwealth. It consists of eleven members: the State Treasurer, ex officio; six members appointed by the Governor, one of whom shall be an annuitant of the System, for terms of four years, subject to confirmation by the Senate; two Senators and two members of the House of Representatives who may be active or former legislators. At least five board members shall be active members of the System, and at least two shall have ten or more years of credited state service. The Governor designates the chairman of the board from among the members.
Under Act 31, the Board possesses the power and privileges of a corporation. The members of the Board are the trustees of the State Employees' Retirement Fund, and the State Treasurer is the custodian of the fund. The Board has exclusive control and management of fund accounts, has the power to invest the fund and adopts and promulgates all rules and regulations for the uniform administration of the System. Act 81 of 1987 authorized the establishment of a Deferred Compensation Program for Commonwealth officers and employees. The State Employees' Retirement Board is assigned the responsibility to implement and administer that program. The board promulgates rules and regulations to have the Commonwealth's program conform with Section 457 of the Internal Revenue Code.
Additional materials may be found among the records of the individual board members and within other series in their respective record groups.
Click here for a more detailed history of this System.
Last processing update: 7/19/2012, acc. #6250
| PA State Archives | Hours, Directions, & Fees | Research Topics | Finding Aids for Collections | Land Records |