Teacher Pension Merger Still Possible: ; Study Presents Five Options for Moving Those in Defined Contribution Plan to Old System
Charleston Daily Mail › September 11, 2007
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Summary
MARTINSBURG - The Legislature faces a potential price tag of as much as $215 million if it wants to aid the nearly 20,000 teachers and school workers whose 401(k)-style retirement accounts lack sufficient funds in all but a handful of cases.
A study presented during interim meetings Sunday offers five different ways lawmakers might pursue to merge at least some of these defined-contribution accounts into the Teachers' Retirement System.See the full content of this document
Extract
Teacher Pension Merger Still Possible: ; Study Presents Five Options for Moving Those in Defined Contribution Plan to Old System
The priciest option would promise crossover enrollees the same pension benefits as if they had been in TRS all along. TRS ...
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