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Many Teachers Face Retirement Savings Penalty When Leaving the Profession
The Washington Post; subscription may be required Link to more items from this source
May 18, 2014
"Fewer than one in five teachers will work a full career and reach the pension plan's 'normal retirement age.' Most will leave their public service with little retirement savings.... For instance, in Maryland if you teach for a full career you can expect to earn a pension worth about $3,297 a month, nearly $40,000 a year, plus adjustments for cost of living. But only a quarter of Maryland's teachers will stay a full career and earn that benefit. According to Maryland's estimates, 57 percent will leave without a pension benefit at all."

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