Steven Pinch
Date
2023-12-14
I started teaching at age of 37 in February 2000. At that time I was told I could retire between 60 and 62 with an approximate pension income of 50% of my salary. The pension reform of 2011 changed my retirement to the following: Can’t retire until I’m 66.1 which will give me 29 years of service and an annual pension income of $38,000 with no proposed increases. Rhode Island is not going to be able to recruit new teachers when our neighboring states have much better pension plans. Also, under the current plan I can’t retire early for any reason without taking a 9%per year before age 66 penalty.
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