Do california public school teachers get pension for retirement?

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Do california public school teachers get pension for retirement?

2006-09-24 14:50:45 · 3 answers · asked by Pinxian 1 in Education & Reference ➔ Teaching

3 answers

Oh yeah they sure do. It is called STRS. This is how it works, a certain percentage is taken from your check monthly and the district matches it plus 1/2%. In my district the pull 8% pre-tax from my check and the district contributes 8.5%. So basically you are saving 16.5% pre-tax toward your retirement. I think it is a pretty awesome deal. Although, you can not claim or receive S.S. benefits.

2006-09-24 16:38:57 · answer #1 · answered by Kelly Y 2 · 0⤊ 0⤋

Yes. The Calif Teacher Ret fund is the biggest public retirement fund in the world

2006-09-24 22:08:45 · answer #2 · answered by nonjoo 2 · 0⤊ 0⤋

mm.. not sure.. i bet they are offered a 401K option at least..

2006-09-24 21:57:57 · answer #3 · answered by limgrn_maria 4 · 0⤊ 2⤋