Retirement Services

 Offering pension/retirement plan options for municipal employees.

What We offer

The PSATS Trustees Insurance and Retirement Services has formed a partnership with Summit Financial Corporation of Burlington, Massachusetts and Nationwide Financial Services to offer three pension/retirement plan options for municipal employees.

If you have a current pension/retirement plan, we can do a plan comparison to look at the fees and investment options available to the employees!

Ready to Apply?

Visit our enrollment page to get the information and documents you need to get started.


For an informational packet on any or all pension/retirement plans, please contact us at 800-382-1268. You can also email us at or send us an email online by clicking here.

Defined Benefit Pension Plan

Bases the benefit at retirement age on the years of service, along with the earnings averaged over a designated period. This type of plan qualifies for Act 205 state aid funding, for employees who work a minimum of 35 hours per week, to help offset the cost of offering a pension benefit.

Defined Contribution Plan

A money purchase plan that allows contributions by the employer. The employer will determine who is eligible, the vesting schedule and who will be responsible for choosing the investment options. Contributions by the employer can be a percentage of pay or a flat annual dollar amount. The value of the account is based on the contributions made by the employer and the investment earnings. This plan qualifies for Act 205 state aid funding to employees who work a minimum of 35 hours per week.

Deferred Compensation Plan (457-B)

Employees elect to make pre-tax deferral contributions or post-tax Roth contributions of up to 100% of their compensation. All township employees, both full- and part-time are eligible to participate. This plan can be paired with the 401(a) Defined Contribution Plan or set up as a stand-alone option to help your employees maximize their retirement savings.