FRSCC Retirement Workshop - February 3, 2016

posted Jan 15, 2016, 11:39 AM by Yuba City Teachers Association   [ updated Jan 15, 2016, 11:40 AM ]

At any stage in your career, you should be planning for retirement. 

 

Understand your options and how our STRS retirement works. 

 

Know your potential STRS income in retirement and make decisions accordingly. 

 

Consider additional retirement savings in TSA (Tax Sheltered Annuity).  The earlier you start the bigger the impact of your monthly contribution towards additional income at retirement.

 

Below and attached you will find information about a FRSCC training.  FRSCC is our region local branch of CTA.  This training is valuable for anyone who will ever retire.  Hopefully that's all of us.

 

And just one quick reminder - your monthly STRS income in retirement will depend upon your highest years' salary.  That is  one of the impacts of our salaries that lag behind the state average.  A teacher retiring from Chico will have their retirement income calculated upon a $93,000 highest salary while ours is currently on $83,000.

 

What we do today impacts our future?  Whether it is our personal decisions with regards to STRS and TSA contributions OR actions to stand together for competitive salaries that honor and respect our life's work.

 

Will you standing out in front tomorrow morning?  Will you be talking to people and asking them to support our cause?  Ask them to join us on January 26 at YCHS at 5PM.

 

Together we really will make a difference

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