Our state retirement for teachers pension requires 10 years vested and 30 yrs service or age 60.
I like what I do, but don’t want to become like some colleagues who are holding on for full retirement. We are allowed to buy up to 3 years “air time” at full actuarial cost (it will be $, but you can purchase via 403b). That will help. But I’ve noticed in other states, they allow up to 5 yrs purchase.
How hard is something like this to change? Do I need politicians help with this? I see this as a win - win. Schools get to rid themselves of teachers who don’t want to be there, and teachers don’t have to feel locked in to working past their desire.
FYI this is my 18th year, so I’m almost there! I already bought 3 years time from working out of state.