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another 55/25 question: help!
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burberrygirl
so happy!!
Member since 1/07 2091 total posts
Name:
Mommy
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another 55/25 question: help!
Dh is 35 years old. He is starting his first year in NYC in september.
Can someone help and tell me is the 55/25 plan beneficial to him.
At 55 years old, he will only have 20 years. Do you have to have 25 years in or just be 55 years old.
Please help
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Posted 7/28/08 3:40 PM  |
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beautyq115
New Year!
Member since 5/05 13729 total posts
Name:
Me
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Re: another 55/25 question: help!
I would think it would be beneficial to him...I am in no way an expert and never went to a meeting on it. I just knew it wasn't for me. It was my understanding that it would be beneficial to someone starting teaching later on in life.
I would say call the UFT office but IMO they are very biased on 55/25 and think everyone should do it and that is NOT true.
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| Posted 7/28/08 4:24 PM |
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Candy Girl
Candy girl- you are so sweet!
Member since 11/07 6349 total posts
Name:
erin
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Re: another 55/25 question: help!
If your DH signs up for 55/25 he can retire at 60 with a full pension. If he does not sign up, it is 30/62 meaning he can retire at 62 with a full pension.
UFT
edited for link...
Message edited 7/29/2008 11:59:05 PM.
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| Posted 7/29/08 11:55 PM |
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