Retirement

Key Takeaway: The Vermont Teachers Retirement System provides pension benefits to eligible teachers in Vermont. The pension value is determined based on various factors such as years of service and average final compensation. There are different benefit tiers in the Vermont Teachers Retirement system, with different eligibility criteria and benefits. Introduction to Vermont Teachers Retirement […]

Key Takeaway: Constitutional authorization is important for fully funding a Cost of Living Adjustment (COLA) in the Texas Teachers Retirement system, as highlighted by HJR 2. Senator Joan Huffman played a significant role in introducing and revising HJR 2, showing her commitment to the betterment of the system. The passage of HJR 2 in the

Key Takeaways: The Kansas Public Employees Retirement System (KPERS) was established in 1962 as a retirement plan specifically for Kansas teachers, offering different benefit tiers based on hire date. KPERS offers different retirement plans for Kansas teachers, including a cash balance plan for new teachers, where employee contributions and a guaranteed minimum return are provided.

Key Takeaways: The West Virginia Teachers Retirement System (WVTRS) provides retirement benefits for teachers in West Virginia. The pension calculation for WVTRS takes into account factors such as average and median pension values, years of service requirement, and final salary calculation. Contributions to the WVTRS pension fund are made by both teachers and the state,

Key Takeaways: MARSP offers educational opportunities, exclusive discounts through partnership with AMBA, and a supportive community for Michigan teachers in retirement. The Michigan Public School Employees’ Retirement System provides access to medical plans through Blue Cross Blue Shield of Michigan, allows retirees to manage their retirement accounts, and provides information on COVID-19 vaccine availability and

– The Kentucky Teachers Retirement System (KTRS) plays a crucial role in supporting the welfare of teachers by providing pension and health insurance benefits. – KTRS collaborates with public sector purchaser organizations, which benefits both teachers and the overall education system. – The financial health of KTRS is strong, with a steady increase in assets

Key Takeaways: Teachers in Iowa can participate in the Iowa Public Employees’ Retirement System (IPERS) for their retirement benefits. The IPERS program provides a defined benefit pension plan based on factors such as years of service, retirement age, and contributions made by both the teacher and their employer. Iowa teachers have the option to retire

Key Takeaways: The New Mexico Teachers Retirement System is responsible for managing teacher retirement in the state. Pension value in New Mexico is determined based on a formula that considers years of experience and final salary. Teachers in New Mexico qualify for a pension after a minimum of 5 years of service and meet the

Key takeaway: Nebraska teachers’ pensions are calculated based on years of experience and final salary. The formula takes into account the average of the teacher’s five highest years of salary. Teachers qualify for a pension after a vesting period of 5 years and can retire early between ages 60 and 64, with certain impact on

Key takeaway: The TRF Hybrid Plan is a retirement plan offered to Indiana teachers, which combines defined benefit and defined contribution elements. It provides a description and overview of the plan, as well as the contributions and benefits associated with it. The My Choice: Retirement Savings Plan is another retirement plan option for Indiana teachers.