V. Benefits and Personnel Policies

Penn State offers both mandatory and voluntary benefit packages (the details of which are subject to change) as follows:

Mandatory Programs

Full-time faculty and staff members are required to participate in federal Social Security and one of the retirement plans. A new faculty/staff member, who is not on a J-1 or F-1 visa, may join either the State Employees' Retirement System (SERS) or the Teachers' Insurance and Annuity Association College Retirement Equity Fund (TIAA-CREF) retirement plan. The choice is irrevocable.

For a comparison of the retirement plans, please visit the Office of Human Resources (OHR) Web site at www.ohr.psu.edu/benefits/Retirement/RetireCompare.htm.