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Hello. I am wondering if anyone can assist my wife and I figure out a question regarding her retirement. She worked for a little over 12 years in the CT Teachers Retirement System. For that she earned, in retirement, roughly 24% of the average of her last three years compensation. That is a wonderful benefit. But she also accumulated nearly $84k in an account that requires a mandatory distribution at age 70 and a half.

What we can't seem to get an answer on is whether the $84k is in addition to the 24% of her last three years compensation she will receive or whether the $84k is linked to / or of supporting the 24% retirement benefit calculated on the average of her last three years of compensation.

Any explanation of this situation would be oh so welcome.


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