Under TRS plan 3, I can retire with a full pension when I'm 65. (Plan I retirees could jet at 55.)
That's all it takes: 42 years of dedication.
HB 1199 would change that.
(2) UNREDUCED RETIREMENT. Any member who is at least age fifty-five and has completed at least five service credit years and for whom the sum of the number of years of the member's age and the number of years of the member's service credit equals eighty-five or more shall be eligible to retire and receive a retirement allowance computed according to the provisions of RCW 41.40.790.Hypothetical: at 55, I'll have been teaching for 32 years. 32+55 = 87 = able to retire on a full pension.
So, which Mr. Anderson do you want? Happy retiree, or burned out curmudgeon?
That's right. Support HB 1199.