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Old 04-01-2014, 06:24 PM   #21
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Rustward's advice is right on! Unfortunately, the rules are not in your wife's favor since she will probably never qualify for a full pension. In Texas, the reduction of a pension of a teacher with 19 or fewer years of service can be as much as 53%. Check the website for your state for all the rules and call the administrator more than once to verify your calculations. Rules do change. Texas is moving toward the pension being based on the 5 highest salaries (instead of 3). Good luck!
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Old 04-01-2014, 09:12 PM   #22
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https://www.michigan.gov/orsschools/...469---,00.html

link to overview ....
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Old 04-02-2014, 04:10 AM   #23
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Ok so I am reading this..

Quote:
your years of service used to calculate your pension reflect the years, or fractions of years, you have worked in the DB plan for a Michigan public school. In general, you earn one year of service when you work 1,020 hours in a school fiscal year. No more than 30 hours can be credited in a one-week period if you're on a weekly payroll, or 60 hours if you're paid biweekly. For more information on how you earn service, click here.
Now if she is working less than 20 hours a week than her years of service is being reduced, but it seem proportional to me.. So for example if she is working 3 days a week 4 hours a day she is getting .6 years pension credit for each year she is working. So yes her pension will about ~1/4 of a full time teacher but she only worked 1/4 time..
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Old 04-02-2014, 06:22 AM   #24
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Ok so I am reading this..



Now if she is working less than 20 hours a week than her years of service is being reduced, but it seem proportional to me.. So for example if she is working 3 days a week 4 hours a day she is getting .6 years pension credit for each year she is working. So yes her pension will about ~1/4 of a full time teacher but she only worked 1/4 time..

In her case, she works full days (arrives 730am - leaves 330pm, has lunch, etc) three days one week and two days the next week. We can look back and it's been roughly .5 service each year. She gets half the sick, personal, half in service days, etc. They require her to do everything in half..... the point is I can assure you though it's 1/2 of what a full time teacher works.
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Old 04-03-2014, 03:38 AM   #25
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In her case, she works full days (arrives 730am - leaves 330pm, has lunch, etc) three days one week and two days the next week. We can look back and it's been roughly .5 service each year. She gets half the sick, personal, half in service days, etc. They require her to do everything in half..... the point is I can assure you though it's 1/2 of what a full time teacher works.

I believe you. I am just saying that according the linked you provided if she works 1020 hours a year (1/2 time) she gets 1 year of pension credit for every year worked. So she should have 16 years * 1.5%/year which equals a pension of 24% of the average of her highest 3 consecutive earnings.
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Old 04-03-2014, 10:37 AM   #26
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In that case it seems fair in that both her and a full-time teacher who worked 16 years would each get 24% of their highest 3 consecutive years of earnings as their pension, so she would be getting half of what a full-time teacher gets (all else being equal and assuming she works 1/2 time, which appears to be the case).

The person who works slightly less than half-time gets a bad deal by comparison.

If she goes full-time for 3 consecutive years then the OP's wife gets a great deal (in effect a form of pension spiking).

Make sense?
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