Sunday, May 2, 2010

Question.

Anybody have a good resource that explains how teacher pensions are funded? I get the general premise, but I'm looking for the specifics. The state matches my contribtion to the fund? The state puts in more than my contribution? I suppose there is a law I can read? I'd appreciate any suggestions.
Posted by Mike McCabe at 3:03 PM

1 comment:

  1. Chris WysockiMay 7, 2010 at 12:06 PM

    The information on funding should be in the Plan Document maintained by the pension plan administrator. You have the right to obtain a copy of that document (it may have been given to you when you joined the plan).

    If you're not sure how to read the Plan Document, which contains a lot of "legalese", you can ask for help from a Pension Actuary or an Enrolled Agent (look in the Yellow Pages).

    ReplyDelete

Subscribe to: Post Comments (Atom)