What Kind Of Retirement Plan Is Psers? 
What kind of retirement plan is a PSERS ? While not familiar with the letters as they may be different in my state , I will assume you are asking about PERS ? PERS is short for the Public Employees Retirement System . It is the pension plan in my state for our public school teachers and has several versions . The first PERS1 was created in 1947 and closed in 1977 . The second PERSII was created in 1977 and closed around 2000 . PERS III is currently in effect and may close in the next few years as legislature moves to reduce their liability to employees for retirement . When these plans close , they do not end , they just stop taking new participants . The state does not lose their obligation to employees and retirees in these plans . 