Students interested in this college are also interested in: Colorado State University, University of Washington, University of California, Berkeley, University of Oregon, University of California, Los Angeles, University of California, Santa Barbara. Overview.
These plans areexcluded from tax on your federal return, but not onyour state income tax return. Once you retire and beginto receive pension benefits, you will pay federal tax onyour retirement payments, but you will not pay PA taxon those benefits.
The facts are that the average annual pension for a retired public school employee in Pennsylvania is $23,500, and the average annual Social Security benefit is $14,500. These are hardly overly generous amounts, considering that the average personal income for Pennsylvania residents is more than $41,000 per year.