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heathergonyea

New Teacher in South Carolina

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16 minutes ago, krow36 said:

I think Heather is referring to waiting until age 62 before drawing from her NY pension? Heather, I wonder if the NY pension balance is receiving any increase, while you wait until you're 62? I hope so, because inflation will decrease its purchasing power.   

Oh so she I guess is talking about her state teachers pension plan and not a 403 b.

So is she saying she has to wait until 62 to get her full pension amount? I know in Virginia there is no such hard and fast rules. After 30 years regardless of age you get full pension but you can retire early at a reduced rate. and you are vested in after ten years.

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