Years of experience continues to persist as a key variable in teacher pension formulas, as well as salary negotiations. (teacherpensions.org)
Because pension formulas are typically based on the employee's highest three or five years of salary, they should try to do everything in their power to make their peak earning years count. (educationnext.org)
Thus, even though 30 of the service years were accrued under the old pension formula, all 31 years are rewarded at the higher pension rate. (educationnext.org)