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This also changes if you don't spend all your years in one state. For example my teaching career is evenly split between two states. Though I'm nearing 60 and mulling it all over lately.
This also changes if you don't spend all your years in one state. For example my teaching career is evenly split between two states. Though I'm nearing 60 and mulling it all over lately.
I was able to "buy into" a pension plan when I changed states.
Are there any other states besides Kentucky that doesn't take Social Security out of the teachers' checks? They can't draw SS when they retire. Also, I'm not a teacher but a retired state employee (KYDOT). I think the teachers are like us in that, after 20 years, their insurance is paid for life.
I looked into that but it is 15k per year of service. And you are only eligible to buy 5 years total.
Yes, it cost me a pretty penny, although it was something quite a bit less than that. And, it was a gamble...how long will I live after retirement. I think I won the gamble!
Are there any other states besides Kentucky that doesn't take Social Security out of the teachers' checks? They can't draw SS when they retire. Also, I'm not a teacher but a retired state employee (KYDOT). I think the teachers are like us in that, after 20 years, their insurance is paid for life.
There are twelve states where teachers don't pay into FICA and three others where it's school system choice. There are also a couple states that have a mixed program, older teachers aren't covered while newer ones are.
Are there any other states besides Kentucky that doesn't take Social Security out of the teachers' checks? They can't draw SS when they retire. Also, I'm not a teacher but a retired state employee (KYDOT). I think the teachers are like us in that, after 20 years, their insurance is paid for life.
No, Kentucky teacher’s insurance is NOT paid for life. That is true, however, for many of our classified staff.
There are I believe 15 states where teachers are not covered by SS, I have had the misfortune of working in four of them.
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Are there any other states besides Kentucky that doesn't take Social Security out of the teachers' checks? They can't draw SS when they retire. Also, I'm not a teacher but a retired state employee (KYDOT). I think the teachers are like us in that, after 20 years, their insurance is paid for life.
My VA district’s retiree healthcare premium is $615/mo for individual, $1,330/mo for two. That’s not including dental. Full coverage of premiums, if someone had it, would be amazing.
I'd just like to point out that Freesponge, the originator of this thread, is no longer able to participate.
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