Comments on: Possibility of Early Retirement Incentives

By: Front Line Teachers » Blog Archive » Early Retirement Incentives – Link to Will Brownsberger’s blog.

Sun, 03 Jan 2010 02:55:28 +0000

[...] has been looking into the early retirement proposal and has posted his findings on his blog http://willbrownsberger.com/index.php/archives/3216. From Will Brownsberger: Ed Reform House Bill Out [...]

By: JohnDolen

JohnDolen — Sun, 27 Dec 2009 00:42:29 +0000

For those of us who are enrolled in the MTRS RetirementPlus, it might be helpful if the proposal could include years of teaching along with the combination of age and/or years of service. One of the requirements of R+ is 20 years of teaching included in the 30 years of service. I am on the upper end of the pay scale. I have plenty of age (unfortunately) and over 30 years of service. But only 17 of those years of qualified creditable service are in teaching. I will not reach the required 20 years of teaching until 2012 (the year after the proposed option ends). A retirement that does not meet the 20 years of teaching provision would reduce the retirement benefit by about 14 percent. Fourteen percent would certainly be a deal-breaker for myself, and others.

By: BethTerada

BethTerada — Wed, 23 Dec 2009 01:09:53 +0000

I think this is a wonderful idea! As a veteran teacher with two master’s degrees, I am at the top of the pay scale and expect to retire in 9 years. I definitely can see a municipality preferring to hire 2 teachers for the price of one.