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Fairfax County Public Schools (FCPS)
Reply to "Received an email that DS teacher quit Friday. "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]So teachers don't get social security? Just curious. [/quote] In VA we do. In some states they don’t. [/quote] In Illinois one's SS benefits are greatly reduced if you get a pension. Teachers don't pay into SS when working for public schools, but we do over the summer, our second/third/fourth jobs and all the places we work between age 15-22 or after retiring from teaching. However, there is a lot of momentum around changing that. Some of us also save for retirement separately. I personally have a Roth IRA, a traditional IRA and a 403b (or something similarly named). I'm just too afraid that retirement benefits will be reduced due to the fund tanking. And I know I won't teach the full 34 years required in my "tier" to get the full 74%. I *might* make it to 22-24 years. My other retirement accounts will make up the difference. [/quote]
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