On 12/15/14, Summerac77 wrote:
> I've taught a a Pittsburgh public school for 15 years. My
fiancÚ and I want
> to interview down south possibly in North Carolina or
Virginia or georgia. I
> thought by making a move Id lose my whole pension. But the
> union told me that it is transferable to some stAtes. Does
> which states pennsylvania transfers to?
Your pension probably won't transfer. You may be able to buy
years in the new state, but be advised that this is expensive.
So, unless you have a fat bank account siting around from
which you can invest in buying years, you would have to
request a refund from your PA pension to buy years in the new
state. That said, you would be really hurting yourself. Most
likely, it costs way more per year than you have in your PA
pension. My guess is that you would be able to buy 5 or 6
years for your 15 year pension.
You pension wouldn't disappear. You would still be eligible
for a pension once you retire, but it would be based on 15
That said, the smartest thing to do, pension-wise, is to stay
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