donegal419
St. Gerard, pray for us.
Member since 7/07 7650 total posts
Name:
K
|
Re: subbing and retirement
yes, it does count!
to be a member of TRS you need a member # and ALL districts (besides NYC, they have their own retirement system) in NY participate. For each pay period, YOU contribute 3% of your total salary to your pension, your district pays another 3% for a total of 6% going to TRS on your behalf. after 10 years, your district pays the total 6% and no deductios are taken from you.
your pay stub should have something along the lines of TRS and however much was pulled. (Is in the list of all other deductions, Medical, state tax, etc. etc.)
Subbing is SOOO important in terms of retirement... people tihnk it's not, but if you were stuck subbing for a couple of years and you don't count it, you're working for another 2 years when you're 60-something and you just want to retire already.
TRS looks at DAYS, MONTHS and YEARS worked. they don't care whether it was as a sub, a leave replacement, tenured or not.... it all counts toward to the 25 years Tier 4 yeachers must have before they can retire with full benefit.
if you've been hopping around district to district, it is CRUCIAL that you get on district letter head from them the amount of days you worked that school year and submit that to TRS so that it goes toward your totals years worked. even if it's only a handful of days from each place, it all adds up.
HTH.... I've never subbed, but this is how it works. also go to the NYS TRS website for more info.
Message edited 12/16/2007 10:26:49 PM.
|
Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
|
Re: subbing and retirement
it's important to get the number. 10 years after that date (not years of service) is when you stop contributing. I hit that mark last year and I was very happy that I got my number before I had a perm teaching job. If subbing is how you will get your number than you definitely should!
and like the PP mentioned - it will count to when you can retire. Hopefully they will get a 25 years of service at 55 retirement plan with the state!! DONATE TO VOTE COPE!!! This is the kind of legislation that they fight for!!!
|
