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VA Public Schools other than FCPS
Reply to "NOVA Teacher Salaries"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We don’t get a pension to whoever the “hello pension! “ person is. They take 1.5-3% out of our paycheck whether we want to or not and put it in a Virginia teacher retirement fund. It’s a forced 401k. It’s not a pension. [/quote] This is incorrect for FCPS at least... yes, you get the VA Retirement System (Teachers version) and of course Social Security... but you also get a supplemental defined-benefit pension plan in FCPS: https://www.fcps.edu/careers/retirees/retirement-pension-plans/erfc[/quote] DP The previous VRS link is accurate for every school division in VA. The current VRS for those hired since Jan 2014 is a hybrid defined benefit/defined contribution plan. ERFC is solely defined benefit.[/quote]
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