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Re: Retirement benefits
Posted by kev on 5/03/08

    The following website has all the details:

    http://www.michigan.gov/orsschools

    Basically, any teacher can buy up to 5 years with a cost
    based on your highest previous yearly salary (so cheaper to
    buy early before moving up the pay scale). Need a minimum
    of 10 years to be vested. Reirement pay equal to 1.5% per
    year of employment of your final average salary.

     
     

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