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CAMCaps
Live Laugh Love Run
Member since 6/07 4922 total posts
Name:
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Tier 5 in 2010?
Tier 5 could be a real possibility in 2020:
If you are thinking about teaching (and have not already started) as a profession, I strongly suggest you try to sub by the end of 2009:
Tier 5
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Posted 12/5/09 9:53 AM  |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: Tier 5 in 2010?
I would probably rush to get my number for Tier 4 also, but remember that while each tier gives up something...they also get something in return...looks like for .5% extra the first 10 years, tier 5 is able to get more pension for each year they work after 25 years
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| Posted 12/5/09 12:21 PM |
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happytobreathe
The Lazy Days of Summer
Member since 10/06 1413 total posts
Name:
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Re: Tier 5 in 2010?
What do you mean by tiers? I have no idea what or where I am tier wise!
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| Posted 12/6/09 9:34 AM |
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CAMCaps
Live Laugh Love Run
Member since 6/07 4922 total posts
Name:
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Re: Tier 5 in 2010?
It is referring to yoru place in the NYS Teachers' Retirement System. If you are a newer teacher you are most likely Tier 4. If you want more info on the specifics look here: http://www.nystrs.org/main/benefits/service.htm
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| Posted 12/6/09 3:13 PM |
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firsttimer
Member since 5/07 1532 total posts
Name:
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Re: Tier 5 in 2010?
According to my union, Tier 5 will have to contribute to their pension for their entire lifetime of teaching vs the other tiers who stop contributing after 10. Also, I believe the minimum age to retire would be 57 / 30 instead of 55 / 30.
So if you are a city teacher who wants to work on the Island or a recent graduate start subbing immediately so you can have the benefits of tier 4.
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| Posted 12/6/09 5:34 PM |
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firsttimer
Member since 5/07 1532 total posts
Name:
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Re: Tier 5 in 2010?
http://www.nypost.com/p/news/opinion/opedcolumnists/reform_landmines_NFCtMtFAnpgeYHtWaBxhoL
This is an op-ed piece but you get the gist.
http://www.nypost.com/p/news/opinion/opedcolumnists/reform_landmines_NFCtMtFAnpgeYHtWaBxhoL
Message edited 12/6/2009 5:41:46 PM.
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| Posted 12/6/09 5:41 PM |
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MC09
arrrghhh!!!!
Member since 2/09 5674 total posts
Name:
Me speaks pirate!
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Re: Tier 5 in 2010?
Does this not apply to teachers working for NYCDOE?
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| Posted 12/9/09 3:26 PM |
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ttcc
LIF Toddler
Member since 7/09 453 total posts
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Re: Tier 5 in 2010?
Posted by MC09
Does this not apply to teachers working for NYCDOE?
no, i think that it only applies to city teachers. Not to other city employees.
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| Posted 12/9/09 4:28 PM |
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: Tier 5 in 2010?
What does one have to do to get into the tier, if you sub once are you in??
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| Posted 12/9/09 8:27 PM |
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MichLiz213
Life is Good!
Member since 7/07 7979 total posts
Name:
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Re: Tier 5 in 2010?
I'm so glad I opted into the retirement system when I was subbing now!
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| Posted 12/9/09 10:26 PM |
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CAMCaps
Live Laugh Love Run
Member since 6/07 4922 total posts
Name:
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Re: Tier 5 in 2010?
Posted by JandJ1224
What does one have to do to get into the tier, if you sub once are you in??
You have to pay into the NYS Teacher's Retirement System
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| Posted 12/10/09 6:33 AM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: Tier 5 in 2010?
Posted by JandJ1224
What does one have to do to get into the tier, if you sub once are you in??
From what I understand, you only have to work for one hour at any state job (NYSERS time will transfer to NYSTRS) before the end of the year.
We have all our teacher aids signing up and even one teacher's daughter is doing work study at a SUNY school and signed up...she will be tier 4 when she graduates and looks for a job.
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| Posted 12/10/09 9:47 AM |
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