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    PUBLIC SCHOOL EMPLOYEES’ RETIREMENT SYSTEM (PSERS)

    Defined Contribution Investment Options

    Investment Options & Fee Summary
    Fee Explanation

    As a Class T-G, Class T-H, or Class DC member, you and your employer's DC contributions are automatically invested in a T. Rowe Price target date investment based on your estimated normal retirement age (67) as determined by your date of birth. Questions about Target Date investments? Check out our "Understanding Target Date Investments and Glide Path Changes" video and T. Rowe Price Fact Sheet.

    ​Prior to 1956​T. Rowe Price Target Date 2020
    1/1/56 - 12/31/60​T. Rowe Price Target Date 2025
    1/1/61 - 12/31/65​T. Rowe Price Target Date 2030
    1/1/66 - 12/31/70​T. Rowe Price Target Date 2035
    1/1/71 - 12/31/75​T. Rowe Price Target Date 2040
    1/1/76 - 12/31/80​T. Rowe Price Target Date 2045
    1/1/81 - 12/31/85
    		​T. Rowe Price Target Date 2050
    ​1/1/86 - 12/31/90​T. Rowe Price Target Date 2055
    ​1/1/91 - 12/31/95
    		​T. Rowe Price Target Date 2060
    ​In 1996 or after
    		​T. Rowe Price Target Date 2065

    Changing your DC Investment Options

    You can remain in your default target date investment or change how all or part of your account balance is invested at any time by accessing your DC account through your PSERS Member Self-Service (MSS) account.  You can select a different target date investment or choose from among 11 additional investment options.  For additional information call 833.4DC.MMBR(432.6627) or access your DC account through the PSERS MSS Portal.

    Please note that asset-based fees and mutual fund fees apply.

    Learn More About Your DC Plan Investments

    Check out our investment education videos and financial wellness articles!

    Investment Education Videos
    Financial Wellness Education Articles

    Voluntary After-Tax Contributions

    In addition to mandatory contributions, you may voluntarily contribute, on an after-tax basis, an additional percentage of your retirement-covered compensation to the PSERS DC Plan.  You may stop or change the percentage of your after-tax voluntary contributions at any time.

    Your employer will deduct and remit your after-tax voluntary contributions for deposit in your PSERS DC account. Your employer will determine the amount to remit each pay date by multiplying your elected after-tax percentage times your retirement-covered compensation less your mandatory contributions to PSERS.  No part of this amount will be remitted if, after all other payroll deductions required by law or elected by you have been taken, you do not have enough pay remaining on that pay date from which to remit the amount.  Any amount not contributed will not be made-up at a future pay date.   You cannot contribute after-tax voluntary contributions if that contribution, when added to your participant DC contributions and your employer's contributions for that year makes your total contributions exceed the IRS' limit.  You can view the IRS limit under the heading "415 Annual Limits" at voya.com/irslimits.  Your after-tax voluntary contributions will be invested in your PSERS DC account as you have directed.

    If you have more than one employer, each employer will make after-tax voluntary contributions based on the same after-tax deferral percentage.  If you terminate all public school employment, your deferral agreement for after-tax voluntary contributions will terminate.  If you again become eligible to participate in the PSERS DC Plan, you must again enter into a deferral agreement to make after-tax voluntary contributions.

    After-tax voluntary contributions are post-tax contributions, but enable you to grow assets through earnings that will be tax-deferred.  Please refer to the Special Tax Notice Regarding Plan Payments (available at the Voya website) for more information on the federal tax treatment of a distribution from the PSERS DC Plan that includes after-tax voluntary contributions.