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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]If you are in the public school system and you have put in 4 years, please be mindful of your pension. It might not make sense to switch to a private school. The pension is one of the best benefits to teachers. You may want to check out how long you need to be in the system to receive one before switching out of the district entirely.[/quote]

The pension used to be one of the best benefits.  Most systems have changed from a defined pension to a 401K type or hybrid system.  It is not longer what it once was and nothing is assured going forward.  Don't count on anything.  If you switch jobs, just start saving aggressively in your 401K.  And a Roth IRA.  [/quote]

+1. A pension is not worth having a miserable life.[/quote]

Right, but if she is 4 years in and it takes 5 to be vested then it wouldn't make sense to switch to a private school. She could switch within the district to a different school where she would still be eligible for the pension and then could decide get out after being vested. It pays to check out how long it takes to be vested OP. If it takes 10 plus years to be vested then it may not be worth it for you to stay in the district but if it's a smaller number like 5 it may pay to stay in (at a different school though).
I have a friend who left MOCO to take a huge pay cut at a private school in another state. If she had taught one more year she would have been vested. Not that you would get a huge payback from the pension when you retired with only a few years in but you would get something. And who knows how much you will make in the future. Having a little money coming in at retirement age can make a difference. [/quote]

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