Great pension plan, easy to use system.
Pension that would be 75% of your last three years average
Basic plan no contribution required
The pension can be all taken away with the decline in the stock markets.
I like the defined pension you get every month upon retirement. This allows you to plan for your retirement after teaching.
You really only qualify if you have been given tenure and are able to make it past 10 years. The 25 year pension plan is the golden goose!
A great thing if you know you will eventually be vested over 10 years.
If you work until your retirement age you can get a pretty decent pension.
10 years to be vested
pension is there if need be and you can pretty much join and are secured for lifetime