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Schools and Education General Discussion
Reply to "From a struggling teacher "
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[quote=Anonymous][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. [Report Post] [/quote] If you can take the money that you have put into the system (I did this years ago even though I was vested), you can roll it over into an IRA. If you just let it grow, chances are you will get back more than the little bit that your system will give you at retirement. That said, I spent mine on a car. But, I now have almost 30 years in at another job, so I'm fine. [/quote]
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