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Author: maudobucks Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76611  
Subject: Re: Mandatory Annuity?! Date: 6/27/2000 7:25 PM
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<<It sounds as if she is in a defined benefit plan to which she makes a contribution and within which she must participate as a condition of employment. Such plans do exist. I don't know for sure, but my guess is such plans are probably not all that uncommon with school employees.>>

Should I basically take the districts word for it, or is there an "official" source where I can verify that this in fact is true of my moms contributions?

By the way, I spoke with them today and she reitterated that this was intended as a replacement of social security--since my mom does NOT contribute into it. Apparently some time ago, this districts employees had a choice of either having regular contributions to social security or having it contributed to this fixed annuity.
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