The following retirement plans are established for 香港6合开奖结果Public Schools employees. Enrollment in the plans below is automatic and dependent on your current position.
Teachers Retirement Plan
Upon hire, employees classified ET begin automatically contributing eight (8) percent (if hired on or after November 1, 1996) or seven (7) percent (if hired prior to November 1, 1996) of their salary on a biweekly basis into this retirement plan. Employees that are not classified ET do not contribute to this plan. Learn More Here
Withdrawals and Rollovers – In order to roll-over or withdraw funds from this account, the employee must be separated from 香港6合开奖结果Government.
401(a) Defined Contribution Retirement Plan
All 香港6合开奖结果employees that are not classified ET and hired on or after October 1, 1987 participate in this plan. 香港6合开奖结果Government will automatically contribute five (5) percent equivalent to the employee’s salary in this plan. This plan is an entirely employer-paid benefit, so employees cannot contribute. Learn More Here
Withdrawals and Rollovers – In order to roll-over or withdraw funds from this account, the employee must be separated from 香港6合开奖结果Government. Roll-overs and withdrawals are made on a graded vesting schedule. See link above for vesting rules.
Civil Service Retirement Plan
The Civil Service Retirement System (CSRS) is a defined benefit, contributory retirement system. Employees not classified as ET who were hired prior to October 1, 1987 automatically contribute seven (7) percent of their salary on a biweekly basis into this retirement plan. Learn More Here
Withdrawals and Rollovers – In order to roll-over or withdraw the funds from this account, the employee must be separated from 香港6合开奖结果Government.