Educator & State Employee Pensions
Pension Review Service for Teachers and Public Employees
We are incredibly grateful for the hard work of teachers and public employees. As a thank you for your work, we are proud to offer you a free, no-obligation review of your pension benefits and you are getting the most out of it. We will help you understand your pension and answer any questions you may have.
Understanding the Basics of a Pension
A pension is a retirement fund that an employer makes contributions to on behalf of their employees. The contributions are invested on the employee’s behalf and the earnings grow for the benefit of the employee to use during retirement. Some pension plans allow for the worker to contribute a portion of their income to the plan. There are different types of pension plans and different states have different lengths of time an employee must be “vested” with their employer before they’re able to access the funds.
The Importance of Reviewing Your Pension
Oftentimes, the amount an employer contributes to a pension plan is not enough to fund a worker’s retirement. In addition, most teachers and public employees do not stay with the same employer for a long enough period of time to become “vested,” or they contribute to multiple pension plans in different states and are not sure which pensions they’ll be eligible for upon retirement. In a nutshell, it’s critical to review your pension plan to determine what’s in place for your retirement and what, if anything, is needed to supplement it.
What a Free Pension Review With My State Pension Includes:
- A look at where your pension is invested and a discussion to ensure you’re satisfied with the pension’s performance.
- A financial calculation to determine if the amount in the pension is enough for your retirement goals.
- An examination of previous pensions from previous employers and counsel on how to proceed with those.
- A review of any fees being applied to pensions.
Our goal at My State Pension is to make sure you get the most out of your pension and have a healthy and secure retirement. Please contact us today for a free, no-obligation pension review.