Pension basics for occasional teachers
June 22, 2016
Still looking for a full-time, permanent position? Building a career can take time, but your pension doesn’t have to wait. Here are three things every occasional teacher needs to know:
- If you work more than 10 days in a school year, you earn a year of qualifying credit in the pension plan. Qualifying credit may help you retire sooner with an unreduced pension.
- Teaching summer school might help you to build credit in the plan, and eventually collect a larger pension. If you worked less than the 194 days in a typical school year, summer school will help you to bridge the gap in your credit. Any income earned above and beyond the 194 days is not pensionable.
- Every day that you teach counts. Download Classtime to keep track of where and when you worked, and whether you’ve been paid.