A variable annuity with optional benefits for an additional charge that combines the growth potential of a wide range of investment options with benefits designed for guaranteed lifetime income † and the opportunity to leave a legacy. (jackson.com)
The reasons given for choosing this path include wanting to lower their estimated costs, giving teachers a wider range of investment options, and making their benefits more portable. (showmeinstitute.org)
Charters that provide this retirement benefit cite cost and a wider range of investment options for teachers as their top reasons to opt - out of the state teacher pension fund. (teacherpensions.org)