New York City Department of Education Retirement Plan

It's a real defined-benefit pension that will keep you at a comfortable salary for your entire retirement.

Excellent retirement benefits including health insurance.

The TRS plan is very generous

Not enough money for retirement

It is all good

One of the best retirement plan in the state

My pension plan is above average compared to plans offered by private companies.

TIER VI sucks compared to earlier Tiers, but is better than the majority of pension plans out there. Plus you can also put into the 403b7 with a good fixed rate, a 401k with many options, and at 457 which when combined with the 403b7 call allow you to put away 36k/yr.

While new teachers pay more into their pensions and need to work more years to receive full benefits, it is a good pension that is not subject to local or state income taxes. There is also an excellent 403(b) plan- a tax-deferred annuity that can be worth hundreds of thousands by retirement.

best is pension at 63 with 25 years, worst is annuity/401k there is no match