Sentences with phrase «portable defined contribution plan»

In the summer of 2017, Florida passed legislation to shift the default option to the portable defined contribution plan, following the recommendations in this post.

And more importantly, it will enroll new teachers in a portable defined contribution plan, with a shorter vesting period and more money going toward teacher retirements.

It would set a portable defined contribution plan as the default, but it would also allow teachers to opt - in to a pension plan if they chose to.

As professionals, teachers should be empowered to choose between a properly funded portable defined contribution plan and a properly funded defined benefit plan for their retirement.

To better serve teachers» retirement needs, states should at least provide newly hired teachers with the option to avoid the traditional state pension system, instead choosing a more portable defined contribution plan.

Perhaps not surprisingly, they found that math and science teachers, teachers with advanced degrees, and charter school teachers were all more likely to opt for the portable defined contribution plan.

Not exact matches

· Voluntary and Portable Defined Contribution Option: The new law includes an optional defined contribution plan for new non-union employees with salaries $ 75,000 andDefined Contribution Option: The new law includes an optional defined contribution plan for new non-union employees with salaries $ 75,00Contribution Option: The new law includes an optional defined contribution plan for new non-union employees with salaries $ 75,000 anddefined contribution plan for new non-union employees with salaries $ 75,00contribution plan for new non-union employees with salaries $ 75,000 and above.

Aldeman: The bill includes an optional defined contribution (DC) plan where individual employees can invest their own and their employer's contributions into a portable savings account.

In lieu of standard plans, charters are providing various, more portable defined - contribution options and incentives such as 401 (k) and 403 (b) plans, potentially providing a new way to ensure that teachers» retirements are secure.

The vast majority offer their teachers an alternative — mainly portable, defined - contribution plans.

Teachers in states like Texas or California are enrolled in back - loaded defined benefit pension plans, while public - sector employees in those states have access to more portable defined contribution (DC) plans or a hybrid plan.

The schools recognize that current teachers are increasingly mobile and offer teachers portable benefits: 401 (k) or 403 (b) defined contribution plans.

If Maryland maintains its defined benefit plan, the state should at least offer teachers the option of a fully portable supplemental defined contribution savings plan, with employers matching a percentage of teachers» contributions.

When they begin working in Florida schools, they can choose to join the state's traditional defined benefit (DB) pension plan, or they can enroll in a portable defined contribution (DC) plan instead.