The Charleston Gazette reports that "in the first 10 days of the six-week pension transfer election, only 386 teachers and school personnel in the Teachers Defined Contribution plan have opted to transfer to the Teachers Retirement System."
The article cites figures posted by the Consolidated Public Retirement Board. At least 12,343 enrollees must elect to move for a transfer to occur. "The election period closes May 12, which is the final day that TDC participants can either mail in transfer forms, or submit them to their supervisors," the article said.
15 April 2008
Teacher Pension Transfers
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1 comment:
I'm hopeful that most will manage these applications for subsidy as poorly as they managed their 401k in the first place, so that I won't be forced to pay for their poor choices with my tax dollars.
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