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Empower Annuity Insurance Company of America is a retirement plan recordkeeping financial holding company based in Greenwood Village, Colorado, United States. [7]
The Pennsylvania State Employees’ Retirement System (also known as SERS or Pen SERS) is an independent administrative board of the Commonwealth of Pennsylvania that manages the public pension system for state employees in Pennsylvania.
A percentage of the employee's paycheck is deposited into his or her TCDRS account. That percentage, ranging from 4% to 7%, is set by the employer. The savings grow at an annual, compounded rate of 7%. Once the employee retires, he or she will receive a lifetime benefit that is based on the final account balance and employer matching.
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