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[quote=Anonymous][quote=Anonymous] I'll take you at your word. Can you share what jurisdiction? The best a MoCo teacher hired in the last 15 years or so will do is about 45% with 30 years of service. [/quote] It's a matter of public record. VA teachers participate in VRS: the VA state retirement system If they were hired in 2010, their pension after 30 years service would would be 1.7 x 30 = 51% [url]https://www.varetire.org/pdf/publications/vrs-plan1-overview.pdf[/url] In the MD state Retirement system, someone hired in 2010 with 30 years service would get 1.8 x 30 = 54% [url]https://sra.maryland.gov/sites/main/files/file-attachments/benefithandbook_teachers_acps.pdf?1621263748[/url] OP must work for a school district that has a supplemental retirement plan, such as Fairfax County. They have an additional mandatory contribution plan which will provide another 0.8% per year to the pension after 30 years. Which brings the pension to 2.5 x 30 = 70% for Fairfax County MoCo also has such an additional pension supplement. It is an additional .2 for every year of service if you have worked 30 years, bringing the total pension to 2.0 x 30 = 60% for MOCO https://www2.montgomeryschoolsmd.org/siteassets/district/departments/ersc/employees/retirement-planning/understanding_your_retirement.pdf[/quote]
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