No. of Recommendations: 0
<<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.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement