About Your Pension
A pension plan is an employee benefit that commits the employer to make regular contributions to a pool of money set aside to fund payments made to eligible employees after they retire.
How much does a pension give you?A typical multiplier is 2%. So, if you work 30 years, and your final average salary is $75,000, then your pension would be 30 x 2% x $75,000 = $45,000 a year.
The goal is to provide high-quality information to help stakeholders – especially teachers and policymakers – understand teacher retirement benefits and the trade-offs among various options.
As such, we’ve created simple explainers of how teacher retirement benefits work in your state. Click on the link above to find answers to your questions on how benefits work, who qualifies for them in your state, and how much they cost:
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