230 employees reported this benefit
funds for New York City Teachers' Retirement System can be taken out of you paycheck pretax.
Its hard to beat this pension plan but as time progresses each successive tier becomes less generous.
the pension plan is good
There is no pension for sub teachers. There is no benefit of any kind but daily pay of almost minimum wage.
One of the best things offered by DOE
It is all good. Everything is well taken and appreciated
Best: My current pension plan will give me about 85% base pay at Age 63. Worst: No matching .
The new tier VI is worse than the old tiers, but better than most DB plans out there. Don't know if one can make the full 30 nowadays, but 10 will get you vested and something in old age.
need to be 63 years old to collect. other city agencies you simply need 23years
New employees pay into pension for the duration of their career. Defined pension plan.