In it for the long haul?
"Most people know that defined benefit (DB) and defined contributions (DC) plans are different, but they often overlook one aspect: With DC plans, contributions in the early years are key, but with DB plans, the later years often are more significant due to compounding raises. A DB plan member who leaves early and switches to a DC plan loses the advantage of both plan types. Many public employees, especially teachers, look over the proverbial fence and head to what appears to be greener pastures, unaware of what they will lose in retirement benefits."
Did you know that leaving a pension plan early can potentially cost you millions in retirement income? Read the full story on the website of the American Society of Pension Professionals and Actuaries:
The Importance of Pension Education | AMERICAN SOCIETY OF PENSION PROFESSIONALS & ACTUARIES (asppa-net.org)