TEACHER RETIREMENT
FUNDING
It is mandatory that all
teachers contribute to the Massachusetts
Teacher Retirement System. All teachers
beginning on or after July 1, 2001, are mandated
to contribute 11% of their total yearly earnings to
Teacher Retirement. Prior to July 1, 2001, the per cent of
contribution varies depending upon the year in which the
teacher began contributing to the Teacher Retirement System.
Towns make no matching
contributions to the Teacher Retirement System.
The Teacher Retirement System invests these monies over time,
thus funding the program in its entirety