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Your worked for years
and now you are ready to retire.
kind
What of retirement do you want?
Retirement!!!
• Do you want a retirement where you will
get a guaranteed and adequate check every
month for the rest of your life?
• Or do you want a retirement where there is
no guaranteed monthly check?
Retirement!!!
• In both cases:
– You contribute
– The school district and the state contribute
– Contributions are invested and earn more
• All this pays your benefits.
Retirement!!!
Your Contributions
+ School District Contributions
+ State Contributions
+ Investment Earnings
= Your Benefits
What’s Guaranteed in a
Defined Benefit Plan?
Your Contributions
+ School District Contributions
+ State Contributions
+ Investment Earnings
E !
I F
= Your Benefits OR L
F
Who Guarantees your benefit in a
Defined Benefit Plan?
Your Contributions
+ School District Contributions
+ State Contributions
+ Investment Earnings
= Your Benefits
What’s Guaranteed in a
Defined Contribution Plan?
Your Contributions
+ School District Contributions
+ State Contributions
+ Investment Earnings
= Your Benefits
Who Guarantees your benefit in a
Defined Contribution Plan?
Your Contributions
+ School District Contributions
+ State Contributions
+ Investment Earnings
= Your Benefits
Who Guarantees your benefit in a
Defined Contribution Plan?
Your Contributions
+ School District Contributions
+ State Contributions
+ Investment Earnings
= Your Benefits
So what do you want?
• A guaranteed, adequate defined benefit?
OR
•A defined contribution with no guarantees?