If $ 300,000 has been
contributed on behalf of a teacher (including accumulated returns), then the cash value of an annuity provided to this teacher should also be $ 300,000.
Not exact matches
Teachers leaving before then will forfeit the entirety
of 16.8 percent
of salary that employers
contributed on their
behalf.
The actual losses vary across a
teacher's career, but at no point in any
of the states the authors studied would the
teacher finally surpass what was
contributed on her
behalf.
A
teacher of 10 years who moves with a spouse to another state could lose significant pension wealth, and would have been better off had the district instead
contributed to a 401 (k)
on her
behalf.»
Maryland does not provide
teachers with information
on how their benefits accrue for each year
of service, the amount
contributed each year by
teachers and employers
on behalf of teachers, or the projected value
of a
teacher's contributions based
on different assumptions about the rate
of return expected (e.g. 4 %, 6 %, and 8 %).