Pruitt's Father hired to coach Dade County (GA)

#26

walkenvol

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#26
You cannot teach for 10 years and then start drawing your retirement unless you are a certain age. Just because you are vested doesn’t mean you can automatically start drawing from it at any age. That is nonsense and you do not draw full retirement until you have taught for 30 years. You don’t know what you are talking about
Fake news still - you can start drawing after your vested. Problem is that the pension is discounted from a “full pension” for each year of service less than 30 and also for each year under age 60 (unless you have 30 years service). So, while you might be 45 years old with 15 years service and be “vested”, if you tried to start drawing at such a young age the “penalties” of both age and service may leave the pension with no value.
 
#27

walkenvol

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#27
Maybe your pension isn’t the same as public teachers in TN then as a “full pension” for 30 years of service is 45% of the average of their 3 highest years of pay. 60% is a crazy good pension as when you add in social security you would be making almost as much in retirement as you do working.

I'm very confident of my information as I’ve verified it as part of my family’s retirement planning.
 
#28

landscapingvol

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#28
Fake news still - you can start drawing after your vested. Problem is that the pension is discounted from a “full pension” for each year of service less than 30 and also for each year under age 60 (unless you have 30 years service). So, while you might be 45 years old with 15 years service and be “vested”, if you tried to start drawing at such a young age the “penalties” of both age and service may leave the pension with no value.
No you can’t, you don’t know what you are talking about. So, when they have meetings with potential retirees explaining to them when they qualify to start drawing from said pensions are “fake meetings”? Gotcha
 
#29

landscapingvol

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#29
Maybe your pension isn’t the same as public teachers in TN then as a “full pension” for 30 years of service is 45% of the average of their 3 highest years of pay. 60% is a crazy good pension as when you add in social security you would be making almost as much in retirement as you do working.

I'm very confident of my information as I’ve verified it as part of my family’s retirement planning.
It isn’t the same and they are fixing to change it in Georgia to a total of “85” for new teachers meaning your years of service and age must add up to 85
 
#30

JohnWardForever

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#30
Then it’s possible but people have the wrong impression about teacher retirement. If I teach 30 years with a specialist in education, I will max out at around 65k. I will only draw 60% of that salary minus insurance and taxes which will translate to around 2k a month. It isn’t bad considering I would only be in my mid 50’s but you couldn’t support a family on that.
Then it’s possible but people have the wrong impression about teacher retirement. If I teach 30 years with a specialist in education, I will max out at around 65k. I will only draw 60% of that salary minus insurance and taxes which will translate to around 2k a month. It isn’t bad considering I would only be in my mid 50’s but you couldn’t support a family on that.
The thing is, her and Hubby are Multi Millionaires. Inheritance and investments. Don't even need the cash. Enough is never enough.
 

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